The Swedish krona jumped to the highest level in more than two and a half years after the central bank raised the interest rates to slow the inflation.
The Riksbank, the Swedish central bank, increased its target rate by 25 basis points to 1.75 percent, in line with forecasts. The bank maintained its rates outlook at the average 2.5 in the first quarter of 2012 and 3.2 percent in the first quarter of 2013. The central bank estimated that Sweden’s economy will grow 4.6 percent this year.
USD/SEK dropped from 6.2200 to 6.1395 as of 10:12 GMT today, after reaching earlier 6.1281, the lowest level since August 2008.
If you have any questions, comments or opinions regarding the Swedish Krona,
feel free to post them using the commentary form below.
