Salem Radio Network News Sunday, December 10, 2023


Sweden’s central bank hikes key interest rate, saying inflation still too high


( ) -q-17- UNDATED (Correspondent Jeremy House) “the U.S. dollar.”

Sweden’s central bank has raised its key interest rate, saying the “inflationary pressures in the Swedish economy are still too high.”

[CutID: <Cuts> SWEDEN-INT-RATE-house-q-THUam.mp3
Time: 17s
Title: SWEDEN-INT-RATE-house-q-THUam
Out-cue: the U.S. dollar]

TAG: Correspondent Jeremy House reporting. Sweden has been struggling with high inflation, hitting 7.5% in August. That’s down from 9.3% in July but far from the 2% target set by Sweden’s central bank.

VERBATIM: Sweden’s Riksbank raised its policy rate by a quarter of a percentage point to 4% and says it could be raised further. However, there were signs that the inflation had begun to fall. The currency has plunged to its lowest level ever against the euro and the U.S. dollar.

Editorial Cartoons

View More »

Bob Gorrell
Wed, Nov 29, 2023