Montage featuring the Swedish Central Bank (left) and Swedish Radio News' economics commentator Kristian Åström (right). Credit: Tomas Oneborg/SvD/TT och Micke Grönberg/Sveriges Radio.
ECONOMY
Swedish Central Bank raises key interest rate
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.
