"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 under

To continue reading...

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 indvidual account here: