"Hawkish" Riksbank raises repo rate

sveriges-riksbank

The Riksbank on Tuesday raised its benchmark repo rate by 25 basis points to 2%, as inflation concerns trumped the increased uncertainty over the global recovery.

The krona gained 0.2% against the euro on Tuesday and traded at Skr9.0599 ($1.45) to the single currency at 17:12pm UK time.

Data from Statistics Sweden shows annual CPI inflation in Sweden is forecast to rise to 3.2% in 2011 from 1.2% in 2010, well above the central bank's 2% target for inflation.

The central bank said the lower

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.