Sweden's central bank raised its key interest rate and decided to reduce the size of balance sheet in the second half of the year, taking a U-turn from its dovish stance. The Executive Board of Riksbank decided to lift the repo rate unexpectedly to 0.25 percent from 0.00 percent. This was the first hike since January 2020, when the rate was lifted to zero.
The bank now forecast two to three rate hikes this year, and plans to take the rate finally somewhat below 2 percent at the end of the three-year forecast period.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.