Swedish Riksbank holds key rate at 1.75%

Sweden's central bank held its key interest rate at 1.758 on Thursday, as widely expected, and left its outlook unchanged while flagging that uncertainty was high and that it was too early to tell how the Iran war would affect the economy.

- 

“The war in the Middle East has caused major movements in energy prices and in financial markets, including a rise in short-term market interest rates,” the Riksbank said.

“The Riksbank monitors developments closely and will adjust monetary policy if the outlook for inflation and economic activity so requires,” it added in a statement.