20 September 2022 at 09:32 Sweden’s central bank raises the key interest rate by 1 percentage point Sweden’s Riksbank increases the key interest rate by 1 percentage point so that it remains at 1.75 percent. It is the largest interest rate increase since the inflation target was introduced in Sweden in 1993, writes Aftonbladet. The development in Sweden is the same as in a number of other countries, including Norway, where the central banks are trying to stem the sharp rise in prices by raising the key interest rate. In Sweden, inflation of 9 per cent was recorded in August compared to a year earlier. This is far higher than the Riksbank’s target of an inflation of 2 per cent. (news/NTB)
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