Riksbank hike ends subzero experiment in global test case
Sweden’s central bank ended half a decade of subzero easing in a move that will provide relief to the finance industry and a test case for global counterparts experimenting with negative borrowing costs.
BY By Rafaela Lindeberg / BLOOMBERG
The Riksbank, once castigated by Nobel laureate Paul Krugman for what he called a “sadomonetarist” policy of tightening, is risking similar controversy again after it raised its key rate by a quarter point despite evidence of a slowing economy.
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