Policy rate raised by 1 percentage point
Inflation is too high. It is undermining households’ purchasing power and making it more difficult for both companies and households to plan their finances. Monetary policy now needs to be tightened further to bring inflation back to the target. The Executive Board has therefore decided to raise the policy rate by 1 percentage point to 1.75 per cent. The forecast for the policy rate is that it will continue to be raised in the coming six months. The development of inflation going forward is still difficult to assess and the Riksbank will adapt monetary policy as necessary to ensure that