Tags: Sweden | Lifts | Interest | Rate

Sweden Lifts Interest Rate to 2 Percent

Tuesday, 05 Jul 2011 08:33 AM

The Swedish central bank has raised its key interest rate by a quarter of a percentage point to 2 percent to keep inflation in check as the Swedish economy grows.

The Riksbank says the Swedish economy is growing "at a good rate" despite uncertainty in the international outlook, including the unexpectedly weak U.S. economy and the debt crisis in the eurozone.

The Riksbank said Tuesday there is a need to gradually increase the repo rate "to stabilize inflation around the target of 2 percent."

Sweden's economy is currently one of the best performers in the European Union.

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The Swedish central bank has raised its key interest rate by a quarter of a percentage point to 2 percent to keep inflation in check as the Swedish economy grows. The Riksbank says the Swedish economy is growing at a good rate despite uncertainty in the international...
Sweden,Lifts,Interest,Rate
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2011-33-05
 

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