The Swedish central bank has greatly raised the benchmark interest rate to flatten inflation

Xinhua News Agency, Stockholm, June 30 (Reporter Fu Yiming) In order to flatter the inflation rate of rapid rise, the Central Bank of Sweden announced on June 30 that from July 6, the benchmark interest rate was increased from 0.25%to 0.75%.This is the maximum rate of benchmark interest rates in Sweden since this year.

The Swedish Central Bank said in the newsletter that day that Sweden's price increases have become increasingly increased. Since the beginning of this year, the increase in the price of goods and services has far exceeded expectations, and corporate costs have also increased rapidly.High inflation is weakening the home purchasing power of Sweden.

The Swedish central bank stated that it is necessary to further raise interest rates to curb the worst inflation in decades, and it is expected that the benchmark interest rate will increase by nearly 2%by 2023.

Since March this year, Sweden's inflation rate has continued to reach a new high since December 1991.The data previously released by the Central Statistics Bureau of Sweden showed that the inflation rates in Sweden in March, April and May were 6.1%, 6.4%, and 7.2%, respectively.Since May 4, the Swedish central bank has increased the benchmark interest rate from zero to 0.25%.

[Editor in charge: Wang Mengmeng]

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