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MNI STATE OF PLAY: Riksbank Hikes, Three More Likely This Year

(MNI) London

The Riksbank hiked 25bps at its April meeting, and sees three more increases by the end year.

The Riksbank said it was hiking its repo rate by 25 basis points from zero after its April meeting and published a rate path showing three more hikes are very likely this year and two more plausible in 2023 before its pace of tightening slows right down.

The collective path showed the policy rate at 1.81% at the end of the three year forecast period but in the accompanying Monetary Policy Report the central bank stated that inflation risks were to the upside and it sketched out an alternative scenario in which the rate rises to around 2.5%.

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The Riksbank said it was hiking its repo rate by 25 basis points from zero after its April meeting and published a rate path showing three more hikes are very likely this year and two more plausible in 2023 before its pace of tightening slows right down.

The collective path showed the policy rate at 1.81% at the end of the three year forecast period but in the accompanying Monetary Policy Report the central bank stated that inflation risks were to the upside and it sketched out an alternative scenario in which the rate rises to around 2.5%.

Keep reading...Show less