I was wrong

Riksbanken, Sweden's central bank, raised the policy rate with only 25 points. Despite the increase in the key interest rate, the Swedish krona continues to lose value against both EUR and USD.

The outcome of the exchange rate loss of the Swedish krona against EUR and USD is inflation in itself.

The only tool Riksbanken has available is a policy interest increase, which obviously does not have the desired effect. Maybe you should appoint younger people with new thinking to deal with the problem, not replace the outgoing head of the Swedish central bank with a slightly younger copy.

"The definition of insanity is doing the same thing over and over and expecting different results."