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Sweden’s Central Bank Raises Key Interest Rate to Zero
“Sweden’s central bank has ended a five-year experiment of keeping its benchmark interest rate below zero, a policy that other countries have also adopted to try to improve economic growth. The country’s central bank, called the Riksbank, said Thursday it had decided to raise its benchmark interest rate to zero from -0.25%, where it had been cut in 2015, amid signs that inflation has been picking up.”
