The Riksbank raised its policy rate by 25 basis points to 2%, in line with economists' expectations, marking the first rate hike since 2023.
In its policy statement, the central bank said that if the outlook for inflation and economic activity remains unchanged, the policy rate may be raised further in the coming year, consistent with its September policy rate forecast.
"Stronger economic activity, combined with rising costs from supply disruptions, means inflation is expected to continue climbing in the future."
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