Your current location:HOME >travel >Sweden raises policy rate to 2.5 pct to curb inflation 正文
TIME:2024-05-17 20:58:43 Source: Internet compilationEdit:travel
This photo taken on Sept. 27, 2022 shows Sweden's central bank Riksbank in Stockholm, Sweden. Sweden
This photo taken on Sept. 27, 2022 shows Sweden's central bank Riksbank in Stockholm, Sweden. Sweden's central bank (Riksbank) announced on Thursday a 75-percentage-point key rate hike to 2.5 percent -- the highest in 14 years. (Xinhua/Fu Yiming)
STOCKHOLM, Nov. 24 (Xinhua) -- Sweden's central bank (Riksbank) announced on Thursday a 75-percentage-point key rate hike to 2.5 percent -- the highest in 14 years.
The Riksbank said the rate hike, which will go into effect on Nov. 30, was necessary as the country's 12-month consumer price index (CPI) hit 10.9 percent in October.
"Disregarding energy prices, inflation has been unexpectedly high, which indicates that inflationary pressures are somewhat higher than expected," the Riksbank said in a press release, "it is very important that monetary policy acts to ensure inflation falls back and stabilizes around the target of 2 percent within a reasonable time."
This is the fourth rate hike since May this year, and the Riksbank also said that further hikes were likely.
"The policy rate is expected to be raised further at the beginning of next year to then be just under 3 percent," it said.
In its Monetary Policy Report, the Riksbank also said that the country's gross domestic product (GDP) is expected to shrink by 1.2 percent in 2023 before starting to slowly increase again in 2024. ■
This photo taken on Sept. 27, 2022 shows the logo of Sweden's central bank Riksbank in Stockholm, Sweden. Sweden's central bank (Riksbank) announced on Thursday a 75-percentage-point key rate hike to 2.5 percent -- the highest in 14 years. (Xinhua/Fu Yiming)
PEN America, facing ongoing criticism over its response to the Mideast war, gathers for annual gala2024-05-17 20:47
85 ancient tombs unearthed in Upper Egypt2024-05-17 20:33
Xi Replies to Letter from Overseas Students at Nanjing Audit University2024-05-17 20:29
Xi Sends Congratulatory Letter to Forum on Civilization and Sinology2024-05-17 20:13
Rory McIlroy loves life inside the ropes, shoots 66 on first day at PGA2024-05-17 19:41
Xi Calls for More Innovations in Party's Theories2024-05-17 19:36
Xi Encourages Young Researchers to Make Breakthroughs in Cutting2024-05-17 19:33
Sunny Sanya will see a luxury mega complex built2024-05-17 18:39
Hush money trial: Trump asks New York court to intervene in fight over gag order2024-05-17 18:38
Chinese power generators improve livelihood in Thailand2024-05-17 18:13
Census Bureau estimates: Detroit population rises after decades of decline, South dominates growth2024-05-17 20:19
EU's probe into Chinese wind turbines suggests trade protectionism, economic coercion: CCCEU2024-05-17 19:32
Book on Xi's Thought on Boosting China's Strength in Cyberspace Published2024-05-17 19:30
China criticizes Fitch's sovereign rating downgrade2024-05-17 19:17
Belgian soccer pauses ticket sales for Israel game amid security fears2024-05-17 18:55
Xi Stresses Prioritizing People's Safety, Property in Flood Prevention, Disaster Relief2024-05-17 18:49
China launches new land2024-05-17 18:48
3D printed storage box to further propel China's lunar mission2024-05-17 18:35
Police and social services missed 'critical opportunities' to save life of Arthur Labinjo2024-05-17 18:18
Key projects under construction in Heilongjiang, NE China2024-05-17 18:16