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Swedish c.bank surprises with full percentage point rate hike

Credit: REUTERS/Reuters Staff

September 20, 2022 — 03:33 am EDT

Written by Stockholm Newsroom for Reuters ->

STOCKHOLM, Sept 20 (Reuters) - Sweden's central bank hiked rates by a full percentage point to 1.75% on Tuesday in surprise move and warned that more was to come as it sought to get to grips with surging inflation.

The majority of analysts in a Reuters poll had forecast a three-quarter point hike.

Swedish rates and inflation:http://tmsnrt.rs/1qEN4Rz

(Reporting by Stockholm Newsroom; editing by Niklas Pollard)

((simon.c.johnson@thomsonreuters.com; +46 70 721 1045; Reuters Messaging: simon.c.johnson.reuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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