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Apr
21
2011

Riksbank raised its interest rate

21 April 2011

Sweden's central bank raised interest rates as expected and stood by its forecast for further hikes. The bank hiked its key repo rate by 25 basis points to 1.75 percent, its sixth increase in a row, and said that continued buoyant growth rates together with a strong climate for investments and jobs meant more tightening was still in the pipeline.

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