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The Riksbank raises the policy rate by 0.25 percentage points and increases the pace of government bond sales
Inflation is falling but is still far too high. New information, such as service prices rising unexpectedly rapidly and a weaker krona, indicates that inflation is declining more slowly than expected. The Riksbank’s policy rate increases are having an effect, but for inflation to return to the target of 2 per cent within a reasonable period of time, monetary policy needs to be tightened further. The Executive Board has therefore decided to raise the policy rate by 0.25 percentage points to 3.75 per cent. The forecast is for the policy rate to be increased at least one more time this year. The Executive Board has ... (full story)