Sweden's central bank hiked its benchmark interest rate by half a percentage point on Wednesday in a bid to bring inflation down to the target and also signaled another increase of a quarter-point in June or September.The executive board of the Riksbank decided to raise the policy rate by 0.5 percentage points to 3.50 percent.The central bank started tightening its policy in April 2022, when the p...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.