Swedish repo rate raised to 1.75%

Wednesday, 20 April 2011 02:29

Repo rate was raised by 0.25%, from 1.50% to 1.75%. interest rates from the Swedish Riksbank was as expected.  The economy of Sweden is growing steadily with the Swedish Krone proving to be one the best currency preformer against all major currencies.  Infalation is Sweden is currently low but is expected to increase as economic activity powers up.  Riksbank is expecting the economy is grow about 4.6% in 2011. 

CPI inflation is high resulting from rising mortgage rates.  As mentioned eariler repo rate was risen to 1.75%, as decided by the Executive Board of the Riksband.