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06 July 2001 17:42  Sweden's Riksbank lifts key repo rate to 4.25%


Stockholm, July 6 (BridgeNews) - The Swedish central bank, the Riksbank, raised its key repo rate by 0.25 percentage points to 4.25%. The Riksbank said it made the decision because "the risk of inflation exceeding the Riksbank's 2% target 1-2 years from now is judged to have become somewhat greater. This mainly has to do with resource utilization remaining high, despite the ongoing slowdown, and the Swedish krona's low value."
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