(Bloomberg) -- Sweden's krona strengthened the most
in five years against the euro after the central bank said it
will raise interest rates by more than previously predicted to
cool economic growth and inflation.
The yield on two-year government bonds rose to the highest
since 2002 after the Riksbank increased its benchmark today and
said it may push the rate up twice more to 4 percent this year.
The bank previously said it would lift borrowing costs to 3.5
percent. Governor Stefan Ingves said the economy ``is doing
well'' and price gains will probably accelerate.
Read more at Bloomberg Currencies News
in five years against the euro after the central bank said it
will raise interest rates by more than previously predicted to
cool economic growth and inflation.
The yield on two-year government bonds rose to the highest
since 2002 after the Riksbank increased its benchmark today and
said it may push the rate up twice more to 4 percent this year.
The bank previously said it would lift borrowing costs to 3.5
percent. Governor Stefan Ingves said the economy ``is doing
well'' and price gains will probably accelerate.
Read more at Bloomberg Currencies News
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