Sweden’s Riksbank Raises Key Rate to 2%, Signals Further Hikes
The Riksbank raised its key rate to 2% from 1.75% on Wednesday, its first increase since the U.S.-Iran war began, and signaled further increases are likely.
By Paul HannonSweden's central bank on Wednesday raised its key interest rate for the first time since the start of the war between the U.S. and Iran, and signaled that further increases in borrowing costs are likely.The Riksbank lifted its key rate to 2% from 1.75%, a move that was expected by inv…