Current location:entertainment >>
Sweden raises policy rate to 2.5 pct to curb inflation
entertainment3People 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 Gazette news portal”。http://grenada.bahnsport.org/content-53e899860.html
Related articles
Candice Swanepoel stuns in a form
entertainmentCandice Swanepoel looked incredible as she arrived at the 77th annual Cannes Film Festival premiere ...
Read moreFree Daycare Services for Students Provided in Hefei
entertainmentContact Us HomeNewsHighlightACWF NewsSocietyWom ...
Read moreChina to Have over 1,000 National Water Parks by 2025
entertainmentContact Us HomeNewsHighlightACWF NewsSocietyWom ...
Read more
Popular articles
Latest articles
Hollywood star Shia LaBeouf is spotted on the streets of Gavin and Stacey's hometown Barry
China Launches Special TCM Initiative for Betterment of Public Health
Ancient noble tomb found in east China's Jiangsu
Village in China's Henan Transformed by Cultural Industries
Investigators return to Long Island home of Gilgo Beach serial killing suspect
County in China's Shaanxi Transforms Ecological Resources to Green Economy
LINKS
- Xi Inspects Community in Nanning in China's Guangxi
- Chinese home appliance firms expand global market with great vigor
- France makes face mask mandatory in all indoor public places
- 'Dazi culture' increasingly popular among young Chinese
- Global oil demand to record historic growth in 2021: OPEC
- Messi explains absence in Hong Kong match for third time
- World's highest pumped storage power station begins construction
- Meeting of EU Foreign Affairs Council held in Brussels
- Chinese home appliance firms expand global market with great vigor
- Philippines, China cooperate to crack down on illegal offshore gambling