Swedish Riksbank hikes repo rate to 4.00 pct from 3.75 pct |
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Published
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Tue, 30 Oct 2007 09:31
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STOCKHOLM (Thomson Financial) - The Riksbank said it has raised its key repo rate by 25 basis points to 4.00 pct, and reiterated that the interest rate needs to be raised further in the future.'During the first half of 2008 the repo rate is expected to be around 4.25 pct. The Riksbank's view of the future repo rate path remains largely the same as in June,' said the Riksbank.The central bank said it expects the interest rate increases to contribute to an inflation rate in line with its 2 pct target while still allowing for production and employment to develop in a balanced manner.simon.richardson@thomson.comsjr/vsCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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India's central bank hikes CRR by 50 basis pts, keeps other key rates unchanged 