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.
at 7:26:00 AM
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1 comment:

  1. MaurizioDecember 15, 2010 at 8:36 AM

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

    ReplyDelete

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