What Sweden’s interest-rate hike means for the European Central Bank’s 2019 path
December 20, 2018 at 15:04 PM EST
Sweden’s Riksbank raises interest rates for the first time in 7 years on Thursday, stoking a rally in the Swedish krona. But it isn’t just good news for the Scandinavian nation, as market participants believe the hike could be a precursor to further European monetary tightening.