The Swedish Central Bank had not signaled. Therefore, there was no double rate cut just yet, but it will come later, believe analysts. Such a clear direction forward has a rapid psychological effect on households, according to SEB's chief economist.
BusinessThe Stockholm Stock Exchange rose after the Swedish Central Bank's third interest rate cut this year and the possibility of a so-called double cut later in the autumn. The broad OMXS index gained 0.7 per cent.
BusinessDespite today's expected interest rate cut and a continued low interest rate ahead – the calculations show that a fixed interest rate can be advantageous in the current situation. If you only look at the cost, it's not obviously wrong to perhaps choose a fixed rate for three, four, or five years, says SBAB's chief economist Robert Boije.
BusinessThe state-owned mortgage bank SBAB and Länsförsäkringar are lowering the interest rate on mortgages with a three-month term by 0.20 percentage points. The reductions come ahead of Wednesday's interest rate decision from the Swedish Central Bank.
BusinessUpper Norrland has in recent years been the driving force behind Swedish growth, while the metropolitan regions have acted as a brake. Now, the roles are expected to be reversed. The metropolitan regions are expected to catch up when the interest rate cuts gain momentum, says Susanne Spector, macro chief at Nordea.
BusinessDanske Bank is following up on last week's cuts from Handelsbanken and Nordea and is lowering the interest rate on mortgages with a three-month binding period by 0.20 percentage points. Danske Bank refers to "changed market rates".
BusinessThe week got off to a slow start on the Stockholm Stock Exchange. But it turned upwards, albeit with a slight decline in the last hour of trading. The broad OMXS index closed up 0.2 percent with several high-volume shares as pull factors.
BusinessA autumn of interest rate cuts awaits and already this week, the Swedish Central Bank may strike with a double cut. At the beginning of next year, a million loan with variable interest rate may be 800 kronor cheaper per month.
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