Swedish rates up, more to come
Sweden's central bank has raised rates by a quarter point to 4.5% - a new 12-year high - with the promise of two further hikes this year.
"The repo rate needs to be raised now and on a couple of further occasions during the year to bring inflation back towards the target a couple of years ahead," the central bank said in a statement on Thursday.
Consumer prices rose 4% in the year through May, the fastest pace since December 1993 and double the central bank's target. The central bank expects the
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