{"id":1905193,"date":"2023-03-26T19:11:31","date_gmt":"2023-03-26T23:11:31","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/swedish-central-bank-chief-says-more-rate-hikes-likely-due-to-stubborn-inflation\/"},"modified":"2023-03-26T19:12:33","modified_gmt":"2023-03-26T23:12:33","slug":"swedish-central-bank-chief-says-more-rate-hikes-likely-due-to-stubborn-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/swedish-central-bank-chief-says-more-rate-hikes-likely-due-to-stubborn-inflation\/","title":{"rendered":"Swedish central bank chief says more rate hikes likely due to stubborn inflation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fswedish-central-bank-chief-says-more-rate-hikes-likely-due-to-stubborn-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1905193&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p>STOCKHOLM ( Reuters )- According to Riksbank Governor Erik Thedeen, the Swedish central bank may have overestimated inflationary pressure and will likely need to stick to its predictions of another interest rate increase in April.<\/p>\n<p>The central bank increased interest rates from 0 % to 3 % a year ago, but it has yet to stop 9.4 % inflation, which is well above the target of 2 %. In February, it increased the benchmark rate by 50 basis points, and April saw a 25 \u2013 50 basis point increase.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px; text-align: center;\"><script> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); }); <\/script><\/div>\n<\/p>\n<p>Erik Thedeen told SVT media,&#8221; It could be that the inflation system is worse than we thought.&#8221;<\/p>\n<p>The price of Finnish prices rose in February. Inverse price pressures, excluding volatile energy prices, increased to 9.3 % year over year, up from 8.7 % in the previous month and above the Riksbank forecast of 8.0 %, even though headline inflation at 9.4 % was in line with the forecast.<\/p>\n<p>According to some economists, the Riksbank should stop raising interest rates because doing so could hurt the interest-rate private Scandinavian economy and, in the worst-case scenario, lead to a financial crisis.<\/p>\n<p>Thedeen added that inflation results since the monetary policy decision in February had been worse than anticipated, but the main scenario remained a 25 \u2013 50 basis point increase in April.<\/p>\n<p>&#8221; In our projections, prices will decrease as easily. The issue is that despite being predicted throughout 2022, it has yet to occur, according to Thedeen.<\/p>\n<p>On April 26, the Riksbank may make its last monetary policy choices public.<\/p>\n<\/p>\n<p>( Editing by Cynthia Osterman, reporting by Johan Ahlander)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/swedish-central-bank-chief\/attachment\/file-photo-swedens-riksbank-governor-thedeen-speaks-during-a-news\/\"><\/a><\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>Former President Donald Trump&#8217;s case is quickly disintegrating as the city attorney in New York attempts to prosecute him.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>Great headlines in the U.S. and around the world have been all over this year. Rachel Acenas of One America is more.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>Democrats are pushing back to defend their ignorance as families become more worried about what their children are learning in school.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>Jim Jordan, chairman of the House Judiciary Committee, tells One America News that Manhattan District Attorney Alvin Bragg&#8217;s analysis and possible indictment of former President Trump amounts to an effort to sway the results of a national poll.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>Paytm Payments Services Ltd., an American monetary technology industry, has been given permission to apply for&#8230; by the nation&#8217;s bank regulator.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>Northvolt, a Swedish manufacturer of lithium-ion batteries, is reportedly in talks to raise more than$ 5 billion in funding to work toward&#8230;<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>According to Replika CEO Eugenia Kuyda, the robot industry by Anna Tong is reviving romantic roleplay for some customers. &#8230;<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>A U.S. jury has ruled that an online library run by the nonprofit organization World&#8230; by Nate Raymond and Blake Brittain( Reuters )<\/p>\n<\/div>\n<p><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>STOCKHOLM (Reuters) \u2013 The Swedish central bank might have underestimated inflationary pressure and will likely have to stick to its forecasts of another interest rate hike in April, Riksbank Governor Erik Thedeen said on Sunday. The central bank has raised rates to 3% from 0% a year ago and has yet to curb 9.4% inflation<\/p>\n","protected":false},"author":66,"featured_media":1905194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[19391,5373,3856,5772,6367,5708,6366,10595],"class_list":["post-1905193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-stubborn","tag-bank","tag-central","tag-chief","tag-hikes","tag-inflation","tag-rate","tag-swedish"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1905193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1905193"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1905193\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1905194"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1905193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1905193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1905193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}