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Riksbank head calls for moderate interest rate increase

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11:16 CET+01:00
The Swedish Riksbank's director Stefan Ingves said in a speech on Wednesday that Swedish interest rates should be raised only moderately, Direkt news agency reported.

Ingves said that since the Swedish economy is developing strongly but inflation is low, the interest rate has to be raised. But he added that is should not be raised by very much.

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