Nordic central banks signal rate hikes to curb inflation
Norway raised its interest rates and Sweden signaled similar moves by year-end as policymakers grapple with rising energy costs driven by conflict. Central banks globally are taking preventative action to keep inflation near targets.
Insights:
Norway raised interest rates on Thursday and Sweden signaled a tightening by year-end as a war-driven energy shock fuels global inflation. The two Nordic central banks warned that higher fuel prices risk slowing the return of inflation to their 2% target. Markets expect another hike in Oslo and four more in Stockholm by the end of spring.
