Current location:travel >>
Sweden raises policy rate to 2.5 pct to curb inflation
travel9962People 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.“Culture Circuit news portal”。http://barbados.cassettedesign.com/html-42d099882.html
Related articles
Demi Moore, 61, says full
travelDemi Moore has revealed her shock full frontal nudity scenes in acclaimed new film The Substance wer ...
【travel】
Read moreCamping, Sports Activities Thrive at Beijing Expo Park
travelContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【travel】
Read moreFeatured Commodities from ASEAN Countries Attract Visitors at China
travelContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【travel】
Read more
Popular articles
- Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
- China Sees Growth in Number of Popular
- People Celebrate Upcoming Chinese Farmers' Harvest Festival in China's Inner Mongolia
- Products from Various Countries & Regions on Display at CIFTIS
- New York Liberty improve to 4
- CBA roundup: Beijing rallies past Shanxi, Shandong smashes Jiangsu
Latest articles
The unstoppable duo of Emma Stone and Yorgos Lanthimos
China Made Solid Progress on Elderly Care over Past Decade: NHC
Guizhou Achieves Progress in Economic Development, Poverty Alleviation
Medicinal Herb Harvest Helps with Rural Revitalization in NW China
Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
2022 World Artificial Intelligence Conference Held in Shanghai
LINKS
- China, Pakistan pledge to enhance pragmatic cooperation in various fields
- New Hampshire Senate tables bill inspired by state hospital shooting
- Thought 'off
- Plane passenger reignites etiquette debate after revealing VERY controversial seat swap trick
- Shanna Moakler, 49, poses in a bikini on her ex
- Most of the US contingent advances to Saturday at the BMX racing world championships
- Security footage appears to show that Alaska man did not raise gun before being killed by police
- Shohei Ohtani Day to be annual event in Los Angeles for duration of his Dodgers career
- China's top legislator holds talks with speaker of Moroccan House of Representatives
- China remains popular destination for foreign investment: FM spokesperson