Current location:sport >>
Sweden raises policy rate to 2.5 pct to curb inflation
sport53136People 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.“Stellar Space news portal”。http://iceland.downmusic.org/html-42d099882.html
Related articles
Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
sportMANILA, Philippines (AP) — The Philippines blamed Chinese fishermen on Monday for a massive loss of ...
【sport】
Read moreChina to send astronauts to space station later this month
sportThe Shenzhou XVI spacecraft and its carrier, a Long March 2F rocket, are moved to their launch site ...
【sport】
Read moreLong March rocket prepares for take
sportThe Long March 7 carrier rocket is seen on Sunday in front of its service tower at the Wenchang Spac ...
【sport】
Read more
Popular articles
Latest articles
LINKS
- Damian Lillard's 35
- North Korean leader Kim leads rocket drills that simulate a nuclear counterattack against enemies
- Apple takes down WhatsApp, Threads from China app store — Radio Free Asia
- Minnesota state senator arrested on suspicion of burglary
- Defund Columbia: Robert Kraft pulls his money as other donors blast 'f*****g crazy' anti
- Jaiswal strikes form as Rajasthan beats Mumbai to stay on top in IPL
- Gelof hits a 2
- Does this video show a military convoy in Myanmar’s Rakhine state? — Radio Free Asia
- Nelly Korda puts bid for 6th straight victory on hold after withdrawing from Los Angeles tourney
- Jury deliberating in Iraq Abu Ghraib prison abuse civil case; contractor casts blame on Army