Riksbank’s Breman says higher rates are necessary

Swedish central bank will announce next policy decision on September 21

Sveriges Riksbank HQ
Daniel Hinge

Sveriges Riksbank will need to tighten monetary policy further to bring inflation back to target, its first deputy governor Anna Breman said on August 17.

“It is already clear that monetary policy needs to be tightened for a significant period ahead,” Breman said.

In June, the Swedish central bank increased the policy rate by 25 basis points to 3.75%. However, the consumer price index at a fixed interest rate rose year on year by 6.4% in July, above the Riksbank’s 2% target.

Breman warned

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