Riksbank implements first rate hike since 2011

Sveriges Riksbank
Photo: Arild Vågen

Sveriges Riksbank increased interest rates today (December 20), the first hike since 2011, due to on-target inflation.

The six-member executive board increased the repo rate by 25 basis points, to –0.25%. The Swedish central bank first implemented negative rates in February 2015 in a bid to avoid deflation; rates remained unchanged at –0.5% since February 2016.

The central bank had indicated in previous policy statements that it intended to tighten financial conditions in either December 2018

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