The Riksbank raises the key interest rate by 0.5 percentage points to 3.50 percent. It is the highest level since October 2008. Another increase is expected in June or September, according to the Riksbank. “Inflation is still far too high,” states the Riksbank. – This does not come as a surprise and I think this was necessary. And as written, the underlying inflation is still far too high, says private economist Arturo Arques to Nyhetsmorgon. Inflation was 8.0 percent in March measured in CPIF (with fixed interest costs). The target is 2 percent inflation. “Naturally a blow” Raising the key interest rate from 0 percent to 3.5 percent in just one year has affected private individuals and companies with large loans. – This is of course a blow to those who have a high level of indebtedness. Then you have to remember that it does not apply to all households, says Arturo Arques. Arturo Arques says to hold on and persevere. Although there may be another increase this summer – it will probably also be the last, he says. – We haven’t seen the worst yet for those with high indebtedness, but it will probably come this summer. Two reserved themselves against the decision First Deputy Riksbank Governor Anna Breman and Deputy Riksbank Governor Martin Flodén reserved themselves against the decision to raise the policy rate by 0.5 percentage points and against the forecast for the policy rate. Instead, they wanted to raise by 0.25 percentage points. The text is updated.
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