Despite weak economic activity, Sweden's central bank raised its benchmark rate by half-percentage point to curb the weakness in currency and also decided to sell government bonds to reduce the asset holdings at a faster pace. At the first monetary policy meeting of Erik Thedeen as the governor of Riksbank, the Executive Board lifted the policy rate by 50 basis points to 3.00 percent, with effect from February 15. The board said the policy rate will probably be raised further during the spring.
The central bank started tightening its policy in April 2022, when the policy rate was zero percent.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.