Two out of five MEPs would have preferred a more modest increase. "They wanted to move slower, that's correct," Riksbank Governor Erik Thédeen told Aktuellt.
Today's increase in the policy rate is the seventh in a row and it now stands at 3.5 per cent. This is the highest level in 15 years and some experts say it is too late to reverse the trend. "We could have forced inflation down very quickly if we had gone hard," says Erik Thedéen.