Riksbank Plans Rate Hike Despite Increase in Global Risks

Sweden’s Riksbank is sticking with a plan to wind back monetary support for the biggest Nordic economy, even as the world’s major central banks lurch toward more stimulus.

The Stockholm-based bank held its main interest rate at minus 0.25%, as expected, and reiterated its intention to raise rates. Its forecast still indicates that the repo rate “will be increased again towards the end of the year or at the beginning of next year,” the bank said on Wednesday.