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The Independent UK
The Independent UK
National
Via AP news wire

Sweden's central bank hikes key interest rate, saying inflation is still too high

Inflation Sweden Economy Norges Bank Riksbank
ASSOCIATED PRESS

Sweden’s central bank raised its key interest rate Thursday, saying that “inflationary pressures in the Swedish economy are still too high,” although there were signs that inflation had begun to fall.

The Riksbank raised its policy rate by a quarter of a percentage point to 4% and said its forecast indicated that it could be raised further.

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