STOCKHOLM — Sweden’s central bank (Riksbank) announced on Thursday a 75-percentage-point key rate hike to 2.5 percent — the highest in 14 years.
The Riksbank said the rate hike, which will go into effect on Nov. 30, was necessary as the country’s 12-month consumer price index (CPI) hit 10.9 percent in October. (Sweden-Interest Rate)
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