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via rttnews.comEconomy

Sweden's central bank raises key rate by 25 basis points

FROM THE WIRE · RTTNEWS.COM

Sweden's central bank raised its benchmark interest rate by a quarter-point as inflation is expected to continue rising going forward and hinted at further tightening in the coming year.

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA central bank rate hike can weigh on bonds, the Swedish krona and rate-sensitive equities.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Sweden's central bank raised its benchmark rate by a quarter point.
  2. 02Inflation is expected to continue rising.
  3. 03The bank hinted at further tightening in the coming year.

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