Sweden's central bank said it may soon need to raise interest rates for the first time in seven years if growth in Scandinavia's largest economy continues to support inflation.
The bank sticks to its earlier guidance, giving policymakers window from December to February to raise rates by 25 basis points.
The Swedish central bank kept interest rates unchanged at -0.5% as expected, and said in its statement that if the economy develops in a way that continues to support inflation expectations, the board will see it appropriate to start raising interest rates soon at a slow pace.
Also, the bank said it had signs that inflationary pressures were on the rise and that conditions were good for inflation to stay close to the 2% target in the coming years.
