Sweden central bank lifted its key interest rate by 75 basis points and signaled additional hike early next year to tame inflation.
The Executive Board of Riksbank decided to raise the policy rate by 0.75 percentage points to 2.50 percent.
The central bank started tightening its policy in April, when the policy rate was zero percent.
"As the Riksbank is raising the policy rate more now, the risk of high inflation for a long time is reduced, as is the risk of even greater monetary tightening further ahead," the bank said in a statement.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.