Sweden’s Third Central Bank Rate Hike of 2023 Lifts Such to a 15-Year High of 3.75%

The Swedish Riksbank today became the latest central bank to hike its interest rate higher. That central bank’s policy rate had been -0.50% from early 2016 until an initial hike late in 2018 but was still a mere zero percent when raised 25 basis points in April 2022. By end-2022, such had been raised to […]