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Nordic Central Banks Raise Rates, Signal Further Hikes
economy3 years ago

Nordic Central Banks Raise Rates, Signal Further Hikes

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.