Sweden surprises with rate rise

Sweden’s central bank, the Riksbank, surprised financial markets on 13 february 2008 by raising interest rates by 25 basis points to 4.25 per cent. Most market observers had expected it to hold steady.

Sweden: Riksbank: Press Release, 13.2.08: Repo rate raised by 0.25 percentage points to 4.25 per cent http://www.riksbank.com/templates/Page.aspx?id=26853

BBC News, 13.2.08: Sweden surprises with rate rise http://news.bbc.co.uk/1/hi/business/7242722.stm

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