Riksbank raises rates and signals further tightening

Swedish central bank accelerates government bond sales and is looking to hedge currency risk

Sveriges Riksbank building

Sveriges Riksbank’s executive board voted unanimously to increase the policy rate by 25 basis points to 3.75% today (June 29).

The Swedish central bank’s board signalled that it intended to increase rates “at least one more time this year”, and accelerated its quantitative tightening process. The Riksbank also announced it was looking at ways to hedge the risk of its foreign currency-denominated assets, as it anticipates the krona falling further.

We think the Riksbank is in a tight spot

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