Bloomberg Sweden’s central bank raised its interest rate and signalled more increases to come, completing a U-turn in monetary policy to join global peers in the fight against inflation. The krona jumped as the Riksbank raised its policy rate to 0.25% from zero, and said it will enact another two or three hikes in 2022. Officials also pledged to ...

  Bloomberg The US trade deficit widened to a record in March, reflecting a surge in imports as companies relied on foreign producers to meet solid domestic demand. The gap in goods and services trade grew 22.3% to $109.8 billion, Commerce Department data showed. The median estimate in a Bloomberg survey of economists called for a $107.1 billion deficit. The ...

  Bloomberg German factory orders fall more than anticipated after Russia’s invasion of Ukraine darkened the prospects for the economy by adding to inflation pressure and disrupting global supply chains. Demand plunged 4.7% in March from the previous month, driven by a decline in orders from broad. That’s worse than all but one forecast in a survey of economists by ...