CNBC headline: Sweden’s central bank launches 100 basis point rate hike, says ‘inflation is too high’
PUBLISHED TUE, SEP 20 20224:09 AM EDTUPDATED 3 HOURS AGO
https://www.cnbc.com/2022/09/20/swedens-central-bank-launche…
The Riksbank said monetary policy will need to be tightened further to bring inflation back to its 2% target, and forecast further rises to interest rates over the next six months.
“The development of inflation going forward is still difficult to assess and the Riksbank will adapt monetary policy as necessary to ensure that inflation is brought back to the target,” it said.
The Riksbank said monetary policy will need to be tightened further to bring inflation back to its 2% target, and forecast further rises to interest rates over the next six months.
“The development of inflation going forward is still difficult to assess and the Riksbank will adapt monetary policy as necessary to ensure that inflation is brought back to the target,” it said.