{"id":22144,"date":"2011-07-05T13:35:00","date_gmt":"2011-07-05T17:35:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=b4960e4cd7ba93bd11e612d458c83c66"},"modified":"2011-07-05T13:35:00","modified_gmt":"2011-07-05T17:35:00","slug":"sweden-central-bank-increases-interest-rate-25bps-to-2-00","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/07\/05\/sweden-central-bank-increases-interest-rate-25bps-to-2-00\/","title":{"rendered":"Sweden Central Bank Increases Interest Rate 25bps to 2.00%"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">Sweden&#39;s\u00a0<a href=\"http:\/\/www.riksbank.com\/\" style=\"text-decoration: none; color: rgb(55, 120, 205); \">Riksbank<\/a>\u00a0raised its benchmark repo rate by 25 basis points to 2.00% from 1.75% previously.\u00a0 The Bank said:\u00a0&#8220;The Swedish economy is growing at a good rate, although international developments are marked by uncertainty,&#8221;. \u00a0On inflation, the Bank noted: &#8220;Consumer price inflation is high at present as a result of rising mortgage rates. \u00a0Underlying inflationary pressures remain low, but are expected to increase as economic activity strengthens.&#8221;<font><font id=\"Zoom\">\u00a0\u00a0<\/font><\/font><\/span><\/p>\n<div> <span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \"><font><font><br \/><\/font><\/font><\/span><\/div>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \"><font><font>The Riksbank last increased the benchmark <a href=\"http:\/\/www.centralbanknews.info\/2011\/04\/swedish-central-bank-hikes-rate-25bps.html\">repo rate<\/a> by 25 basis points to 1.75% at its April meeting this year. \u00a0Sweden reported annual inflation of 3.3% in May, the same as April, and up slightly from 2.9% in March; while also above the Riksbank&#39;s inflation target of 2.0%. \u00a0Market expectations are for further interest rate increases from the Bank, with the repo rate expected to be 2.3% in Q4 2011, and 2.9% in Q3 2012. \u00a0The Swedish Krona last traded around 6.26 against the US dollar.<\/font><\/font><\/p>\n<p><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"text-decoration: none; color: rgb(55, 120, 205); \">www.CentralBankNews.info<\/a><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-3671073765048672029?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sweden&#39;s\u00a0Riksbank\u00a0raised its benchmark repo rate by 25 basis points to 2.00% from 1.75% previously.\u00a0 The Bank said:\u00a0&#8220;The Swedish economy is growing at a good rate, although international developments are marked by uncertainty,&#8221;. \u00a0On inflation,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22144","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22144"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22144\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}