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Riksbank Surprises With 100 Bps Hike to 1.750%

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By Eddie van der Walt

September 20, 2022 at 10:29 AM UTC

Rate hikes, European gas and weapons for Ukraine.

This week's onslaught of central bank meetings got off to a hot start, with Sweden's Riksbank springing a 100 basis-point hike. The move, which came as a shock to most economists, is just the first in what is shaping up to be a mammoth few days for rate decisions, with the US Federal Reserve likely to choose between a three-quarter-point or full-point hike on Wednesday. The Swiss National Bank, Norges Bank, Bank of England and others follow.