Sweden raises rates for seventh time this year

Sweden’s central bank raised interest rates for the seventh time in a year on the 5 July 2011 as the Scandinavian country continues to experience the fastest economic growth in western Europe.

However, the Riksbank indicated that growth had peaked and highlighted the risks posed to Sweden’s export-dependent economy by the eurozone debt crisis and weak US recovery.

ESO: Background information: Sweden raises interest rates again http://www.europeansources.info/record/sweden-raises-interest-rates-again/

Sweden: Riksbank: Press Release, 5.7.11: Repo rate raised by 0.25 percentage points to 2.0 per cent http://www.riksbank.com/templates/Page.aspx?id=47414

The Local.se, 5.7.11: Sweden’s Riksbank raises interest rates http://www.thelocal.se/34746/20110705/

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