Swedish central bank hikes rate to 15-year high
17:09 UTC+8, 2023-02-09
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Sweden's central bank announced another hefty rate hike on Thursday, taking it to its highest level since 2008 to fight double-digit inflation.
17:09 UTC+8, 2023-02-09
0
Sweden's central bank announced another hefty rate hike on Thursday, taking it to its highest level since 2008 to fight double-digit inflation.
"Monetary policy needs to be tightened to bring down inflation," the bank said, warning that a further increase was to be expected in the coming months after raising the rate by a half-percentage-point to three percent.
Source: AFP
Editor: Zhu Qing
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