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MNI BRIEF: Riksbank Hikes 50 bps, Sees At Least One More Hike

(MNI) London

The Riksbank delivered its expected 50 basis point hike at its February meeting, lifting the policy rate to 3.0% and made clear that it would likely hike at least once more. (MNI RIKSBANK WATCH: Focus On Rate Peak)

The central bank's 's Executive Board raised the projected policy peak to 3.3%.from close to 3.0% and the board stated that "the policy rate will probably be raised further during the spring," which pointsj to a 25bps hike at its next policy meeting in late April.

The Riksbank will start selling longer dated nominal and inflation linked government bonds from April at a pace of SEK 3 billion and SEK 0.5 billion respectively per month

MNI London Bureau | +44 203-586-2223 |
MNI London Bureau | +44 203-586-2223 |

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