Riksbank Raises Main Rate to 2% as Price Pressure Gains
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Sweden’s central bank raised its benchmark repurchase rate for the seventh time in a year and repeated a pledge to continue tightening policy as the country’s economic expansion withstands Europe’s debt crisis.
Policy makers raised the seven-day rate a quarter of a percentage point to 2 percent, the Stockholm-based Riksbank said today in a statement. The move was expected by all 18 economists surveyed by Bloomberg. The bank maintained its outlook for the pace of continued rate increases.