Nordic Central Banks Raise Rates, Signal Further Hikes
TL;DR Summary
Sweden's central bank has raised interest rates to 4%, in line with expectations, as the country continues to battle high inflation. The bank stated that the Swedish economy is moving in the right direction, but inflationary pressures remain too high. The krona gained ground following the rate decision. Norway's central bank also raised rates to 4.25%, with a likely additional hike in December.
- Sweden's central bank raises rates to 4%, in line with expectations CNBC
- Sweden's Riksbank Lifts Policy Rate to 4.00% From 3.75%, Signals More Hikes Could Come The Wall Street Journal
- Norway central bank raises rate to 4.25%, eyes surprise December hike Reuters
- Sweden and Norway to Extend Hikes as Pause Looms Bloomberg
- Sweden's central bank raises key interest rate to 4 percent The Local Sweden
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