Riksbank Raises Benchmark to 1%, Lowers Rate Forecast

Sweden’s central bank raised its benchmark repo rate for a third time since July while policy makers said the prospect of a sluggish global recovery suggests further tightening plans should be scaled back.

The Stockholm-based Riksbank raised the seven-day repo rate by a quarter of a percentage point to 1 percent, it said today on its website. The decision was expected by all 20 economists surveyed by Bloomberg.