Inflation, crown worries mean Swedish cbank may hike again, minutes show

Inflation will continue down to our target of 2 per cent, Central Bank Governor Erik Thedeen said

Nordic Newsrooms, Reuters News

October 2, 2023

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STOCKHOLM: Sweden's central bank may need to hike again to get inflation back to target, policy-makers said on Monday in the minutes of the central bank's most recent meeting at which the Riksbank raised the policy rate to 4.00%.

"After today's increase of the policy rate to 4 per cent, I can envisage further tightening being necessary so that we can be reasonably sure that inflation will continue down to our target of 2 per cent," Central Bank Governor Erik Thedeen said in the minutes of the September meeting.

(Reporting by Nordic Newsrooms; editing by Niklas Pollard)

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