Sweden raises rates as Nordic nations show eurozone the way

Article reports that Sweden's central bank raised its main interest rate by a quarter percentage point to 0.5% on the 1 July 2010, joining neighbouring Norway as one of the few developed countries to have tightened monetary policy since the global financial crisis.

The move highlighted Sweden's emergence as a relative haven from the economic uncertainty sweeping Europe as its robust public finances and accelerating recovery sets the Nordic country apart.

ESO: Background information: Sweden signals early interest rate rise http://www.europeansources.info/record/sweden-signals-early-interest-rate-rise/

Sweden: Riksbank: Press Release, 1.7.10: Repo rate raised to 0.5 per cent http://www.riksbank.com/templates/Page.aspx?id=44450

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