Sweden's central bank is seen hiking interest rates at a slightly faster pace than previously anticipated over the coming 24 months, a survey of key business and financial groups showed on Wednesday.

The TNS SIFO Prospera survey showed the central bank's repo rate at 1% in 12 months time, up slightly from the 0.8% anticipated by businesses in the previous survey in October 2009.

In two years' time, the repo rate is seen at 1.9%, up from 1.7%.

The key interest rate is currently at 0.25%.

Meanwhile, Sweden's gross domestic product is seen growing 1.1% in a years' time, up from the 0.3% contraction predicted in the previous survey.

In two years' time, the economy is seen growing 2%.

Businesses expect inflation to hit 1.3% in 12 months' time and 1.9% in 24 months' time. The October survey showed one-year and two-year inflation expectations of 0.8% and 1.6%, respectively.