Published 1 February 2023 at 22.08
Economics. On Wednesday evening, the US central bank, the Federal Reserve, Fed, announced its decision to raise the key interest rate by another 0.25 percentage points.
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The key interest rate in the US is now in the range of 4.50-4.75 percent.
This can be compared with Sweden's significantly lower key interest rate of 2.50 percent, even though the Swedish inflation is now significantly higher than the US rate and continues to rise.
Fed Chairman Jerome Powell emphasized at a press conference in connection with the announcement that the austerity measures taken to fight inflation have not yet had full effect, and therefore, further rate hikes may be necessary.
Powell also pointed out that there is a risk of doing too little to control inflation, rather than too much. The rate hike and Powell's comments thus indicate a continued tightening policy by the Fed to ensure a stable economy and combat potential inflationary problems.
Inflation
- Retroactive increase in rents in southern Sweden
- Schools are forced to serve breakfast when families cannot afford food
- Swedish CPI inflation skyrocketed to 12.3 percent in December
- Inflation in the Eurozone falls sharply
- Inflation falls in US
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