Riksbank Holds Interest Rate at 1.75% as Krona Strengthens Against USA $

The Riksbank kept the key interest rate at 1.75 percent after inflation neared the 2 percent target and the Swedish krona appreciated significantly against the USA dollar.Stable interest rates aim to strengthen the economy long-term even as critics including Elinor Odeberg argue that a rate cut is necessary to support households and combat unemployment.While the central bank expects the rate to remain steady for some time, global economic uncertainty involving USA trade policies and geopolitical risks could influence future adjustments.