Swedish Central Bank raises key interest rate

Montage featuring the Swedish Central Bank (left) and Swedish Radio News’ economics commentator Kristian Åström (right).

Lyssna: Swedish Central Bank raises key interest rate – “puts yet another burden on hou

  • The Swedish Central bank announced today that it is raising the key interest rate from 0 to 0.25 percent, effective on May 4th.

  • In a press release, the bank writes that inflation has risen to the highest level since the 1990s and will be high for some time.

  • Swedish Radio’s economics commentator Kristian Åström says there may be criticism of the move, that the bank is placing even more of a burden on households with this, considering that prices have gone up, and that people’s salaries are worth less than before.

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