Sweden hikes key rate again as inflation persists

By Agence France-Presse

Jun 30, 2023 12:05 am

Riksbank increased the rate by 0.25 percentage points to 3.75 percent, its sixth hike in a row.

The bank said in a statement that its 'policy rate increases are having an effect, but for inflation to return to the target of 2 percent within a reasonable period of time, monetary policy needs to be tightened further.'

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