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

(MNI) London

The Rilksbank's Executive Borad hiked the policy rate to 3.0%, announced asset sales and raised its rate peak to 3.3%, signalling a 25bps hike at its next meeting

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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.

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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.

Keep reading...Show less