Riksbank hikes its Rate by 50bps to 0.75% as expected; says the rate will be raised further and it will be close to 2% at the start of 2023

Rates: The policy rate will be raised further and it will be close to 2 per cent at the start of next year. Will raise policy faster if needed to ensure that inflation returns to target.
QE: in H2, the Bank's asset holdings will shrink faster than was decided in April. the Riksbank will buy bonds for SEK 18.5 billion during the second half of the year. (prev. decided to reduce the pace of these purchases during the second half of the 2022, so that the holdings begin to decline; the Riksbank will buy bonds for SEK 37 billion during the second half of the year.)
Inflation: Inflation has risen rapidly and is expected to remain above 7 per cent for the remainder of the year. The risk of the high inflation becoming entrenched in price setting and wage formation has thus increased. Inflation is expected to fall back next year and be close to 2 per cent from 2024.(prev. Inflation has risen to the highest level since the 1990s and will be high for some time).