(Adds quotes)
COPENHAGEN, March 22 (Reuters) - Iceland's central bank
raised its key policy interest rate by 1 percentage point to
7.5% on Wednesday and warned that near-term inflationary
pressure had increased.
"Inflationary pressures are still growing, and price
increases are becoming ever more widespread," the central bank
said in a statement.
"The outlook is for inflation to be higher in the near
future than was forecast in February, even though the housing
market has cooled," it added.
(Reporting by Jacob Gronholt-Pedersen, editing by Terje
Solsvik)
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