Economics

Riksbank's First Hike Since 2011 May Just Have Moved Closer

  • September CPIF data raises chances of a December increase
  • Economists say inflation and growth may already be peaking

Properties stand along the waterside in the Old Town district of Stockholm, Sweden, on Wednesday, June 28, 2017.

Photographer: Mikael Sjoberg/Bloomberg
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The Riksbank may be closer than ever to raising interest rates for the first time in seven years.

An inflation report on Thursday showed Swedish prices rose at the fastest pace in a decade, providing policy makers at the central bank in Stockholm with a clear path out of an historic era of monetary stimulus that has included negative rates and quantitative easing.