Swedish central bank chief says more rate hikes likely due to stubborn inflation ...Middle East

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Swedish central bank chief says more rate hikes likely due to stubborn inflation
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The Swedish central bank might have underestimated inflationary pressure and will likely have to stick to its forecasts of another interest rate hike in April, Riksbank Governor Erik Thedeen said on Sunday. The central bank has raised rates to 3% from 0% a year ago and has yet to curb 9.4% inflation, well above the 2% target. It hiked the benchmark rate by 50 basis points in February and has indicated another hike by 25 or 50 basis points in April.

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