Sweden's central bank raised its benchmark rate at a sharper-than-expected pace on Tuesday and signaled more hikes to combat high inflation.
The Executive Board of Riksbank decided to raise the policy rate by 1 percentage point to 1.75 percent and signaled more tightening in the coming six months.
This was the biggest rate hike in three decades. Markets had forecast a 75 basis-point rate increase.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.