Current location:entertainment >>
Sweden raises policy rate to 2.5 pct to curb inflation
entertainment719People have gathered around
IntroductionThis photo taken on Sept. 27, 2022 shows Sweden's central bank Riksbank in Stockholm, Sweden. Sweden ...
This photo taken on Sept. 27, 2022 shows Sweden's central bank Riksbank in Stockholm, Sweden. Sweden's central bank (Riksbank) announced on Thursday a 75-percentage-point key rate hike to 2.5 percent -- the highest in 14 years. (Xinhua/Fu Yiming)
STOCKHOLM, Nov. 24 (Xinhua) -- Sweden's central bank (Riksbank) announced on Thursday a 75-percentage-point key rate hike to 2.5 percent -- the highest in 14 years.
The Riksbank said the rate hike, which will go into effect on Nov. 30, was necessary as the country's 12-month consumer price index (CPI) hit 10.9 percent in October.
"Disregarding energy prices, inflation has been unexpectedly high, which indicates that inflationary pressures are somewhat higher than expected," the Riksbank said in a press release, "it is very important that monetary policy acts to ensure inflation falls back and stabilizes around the target of 2 percent within a reasonable time."
This is the fourth rate hike since May this year, and the Riksbank also said that further hikes were likely.
"The policy rate is expected to be raised further at the beginning of next year to then be just under 3 percent," it said.
In its Monetary Policy Report, the Riksbank also said that the country's gross domestic product (GDP) is expected to shrink by 1.2 percent in 2023 before starting to slowly increase again in 2024. ■
This photo taken on Sept. 27, 2022 shows the logo of Sweden's central bank Riksbank in Stockholm, Sweden. Sweden's central bank (Riksbank) announced on Thursday a 75-percentage-point key rate hike to 2.5 percent -- the highest in 14 years. (Xinhua/Fu Yiming)
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Global Gaze news portal”。http://martinique.soorot.com/news-08c699960.html
Related articles
Clark signs deal with Wilson Sporting Goods for signature line
entertainmentCHICAGO (AP) — Caitlin Clark signed a multiyear deal with Wilson Sporting Goods for a signature bask ...
Read moreDua Lipa, Harry Styles and Ed Sheeran are named among Britain's richest under 40s
entertainmentHarry Styles and Dua Lipa are among a number of celebrities who feature in the first edition of The ...
Read moreCondition of Slovakia's prime minister improves following an assassination attempt
entertainmentBRATISLAVA, Slovakia (AP) — Slovak populist Prime Minister Robert Fico’s condition is improving foll ...
Read more
Popular articles
- Midwest storms: Large hail, torrential rain and tornadoes and more is coming
- Elizabeth Hurley, 58, displays her incredible figure in a white bikini on holiday
- Julian Assange: London court will rule on WikiLeaks founder's extradition appeal
- Candidates begin registering in complicated process to select Thailand's new Senate
- Progressive prosecutor in Portland, Oregon, seeks to fend off tough
- Botanists are scouring the US
Latest articles
Lindor goes 0
Shohei Ohtani gets first walk
Chris Hemsworth set to be honoured with a star on the iconic Hollywood Walk of Fame
U.S. move of tariff hikes sets bad example for free trade
Juneteenth proclaimed state holiday again in Alabama, after bill to make it permanent falters
Man City stars and their WAGs hit the tiles in style after historic Premier League title win
LINKS
- Paris 2024 official stamp unveiled at Postal Museum
- Love, friendship sparkle at Xi'an Diving World Cup
- Chinese premier meets delegation from UK
- Russia puts Zelensky on wanted list
- Barcelona beat Real Sociedad to move second
- Shanghai Disney Resort to open world's first Zootopia
- Ukraine to get largest
- Are these schools 'The New Ivies'? Ten elite universities that won't break the bank
- Fermín brace paves way as Barca beat Almería
- Canadian teen at McDonald's drive