Thedéen criticizes big banks over savings interest rates

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Thedéen criticizes big banks over savings interest rates
Photo: Lars Schröder/TT

"You can't say one moment that we follow market interest rates and then forget that you didn't do the other part. There needs to be some order here," he says in SVT's 30 minuter.

There is nothing strange about profit-maximizing banks, but if you follow their reasoning, the savings rate should also be raised, says Thedéen.

I am critical of this because I think the rhetoric is inconsistent.

The Governor of the Swedish Central Bank believes that this affects confidence in the banks.

Yes, that's hardly something that strengthens trust, he says.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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