Wednesday, December 15, 2010

Sweden Hikes Key Rate

Sweden’s central bank raised its key policy rate 25 basis points to 1.25% on Wednesday. This is in line with expectations.

The central bank has now hiked its key interest rate four times this year.

Prepare for a likely downturn in Sweden.

1 comment:

  1. Could you briefly explain the causal relationship between a rate hike and a downturn? Thanks