Nordea does not need to compensate a customer who lost 100,000 kronor in a fraud that occurred via the payment service Swish. This is stated by the Stockholm District Court in a verdict. We will appeal, says Assistant Consumer Ombudsman Kristofer Johannesson to TT.
TechnologySweden has a unique system where mortgage borrowers during crises get the entire interest rate shock directly in their pocket. It is a significant reason why the Swedish economy has performed the worst in the Nordic region, says Norwegian economist Kjetil Olsen.
BusinessBetween 0.10 and 0.15 percentage points. That's how much the major banks have lowered their actual variable mortgage rates over the past month.
BusinessGood, but too late, is the comment of trade union economist Tobias Brännemo on the Swedish Central Bank's interest rate decision. That such a large reduction is coming now is a clear sign that the Swedish Central Bank realizes that they lowered too little earlier.
BusinessInflation, according to the measure KPIF, rose in October to 1.5 percent. The Swedish Central Bank will, however, not be affected and will continue with interest rate cuts in the near future, according to several analysts.
BusinessWhen the Swedish Central Bank is expected to lower the interest rate this week, some banks have already gone ahead and adjusted their rates downwards – "a new grip" according to savings economist Christina Sahlberg at Compricer.
BusinessEverything points to the Swedish Central Bank making a double cut in the interest rate on Thursday. It would be the largest interest rate cut in over ten years. Many households are likely to expect thousand-kronor notes in lower costs.
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