Sweden lifts rates and signals further rises

Sweden’s central bank raised interest rates to 4.5 per cent on the 3 July 2008, their highest level in 12 years, and said further increases were likely this year to bring inflation back from the current 4 per cent to within the bank’s target of 2 per cent.

Sweden: Riksbank: Press Release, 3.7.08: Repo rate raised 0.25 percentage points to 4.5 per cent http://www.riksbank.com/templates/Page.aspx?id=28415

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