Repo rate raised to 0.25 per cent
Inflation has risen to the highest level since the 1990s and will be high for some time. To counteract the high inflation from becoming entrenched in price and wage-setting, the Executive Board has decided to raise the repo rate from zero to 0.25 per cent. The Board's forecast is that the repo rate will be raised gradually going forward and that it will be somewhat below 2 per cent in three years' time. The Executive Board has also decided to reduce the pace of the Riksbank's asset purchases during the second half of the year, so that the holding starts to decrease, and that the Riksbank will