Sweden hikes rates to highest level in five years
The Riksbank's rate-setting board on Tuesday decided to raise rates for the fourth time this year by 25 basis points to 4%.
The last time the benchmark repo rate reached 4% was in November 2002.
Rates probably "will need to be raised slightly further in the future" to bring inflation down to the 2% target, the central bank said. Inflation is now 2.2%.
The central bank said that the predicted economic slowdown in the United States would impact Sweden "somewhat" but that the effect would fail to
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