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Sweden Keeps Interest Rate Unchanged

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Sweden's central bank left its key interest rate unchanged on Thursday and suggested that the rate is set to remain on hold.

The Executive Board of Riksbank decided to hold the policy rate at 2.25 percent and assessed that the rate will remain at the current level going forward.

The upturn in inflation at the start of the year was assessed as temporary. The bank forecast inflation to be between 2 and 3 percent this year, and then to fall and stabilize close to the target.

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