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:
Maurizio
December 15, 2010 at 8:36 AM
Could you briefly explain the causal relationship between a rate hike and a downturn? Thanks
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Could you briefly explain the causal relationship between a rate hike and a downturn? Thanks
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