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Nordea Maintains 2025 Forecast Amid Economic Concerns
Business News

Nordea Maintains 2025 Forecast Amid Economic Concerns

Despite economic concerns, major bank Nordea is sticking to its forecast for 2025. The bank's profit during the second quarter decreased slightly compared to 2024
Stockholm Stock Exchange Falls 0.8% Amid Volatile Trading
Business News

Stockholm Stock Exchange Falls 0.8% Amid Volatile Trading

The Stockholm stock exchange fluctuated up and down during Wednesday but in the end the broad OMXS-index closed at a minus of 0. 8 percent
Package Tours and Car Rentals Drive June Inflation Increase
Business NewsTop News

Package Tours and Car Rentals Drive June Inflation Increase

Package tours and car rental prices pushed up inflation in June, according to the Statistical Central Bureau (SCB). Among food prices – which were virtually unchanged in June compared to May – the prices of fresh berries and leeks stood out the most
Stockholm Stock Exchange Steady as Saab Shares Decline
Business News

Stockholm Stock Exchange Steady as Saab Shares Decline

After a cautiously positive opening, the Stockholm stock exchange's broad OMX index closed sideways.
New Mortgage Rules Aim to Enhance Interest Rate Negotiations
Business News

New Mortgage Rules Aim to Enhance Interest Rate Negotiations

Now banks must inform their customers at least one month before the interest rebate on mortgages expires. We hope that this will give mortgage customers an honest chance to be able to negotiate their mortgage interest rate, says Moa Langemark at the Financial Supervisory Authority
Swish Disruption Affecting Nordea Customers Resolved
Business News

Swish Disruption Affecting Nordea Customers Resolved

Nordea Economist Criticizes Government's Pessimistic Economic Outlook
Sweden NewsTop News

Nordea Economist Criticizes Government's Pessimistic Economic Outlook

Nordea's chief economist Annika Winsth believes that the government is too pessimistic about the Swedish economy. In addition, she is worried that the Minister of Finance will try to make everyone happy in the autumn budget
Iran Strait Closure Threat Could Spike Petrol Prices, Warns Energy Expert
Business News

Iran Strait Closure Threat Could Spike Petrol Prices, Warns Energy Expert

Iran's parliament wants to close the Strait of Hormuz, where a large part of the world's oil transports pass. If it happens, it will strongly affect the oil price, says Nordea's energy analyst Thina Saltvedt, to TT
More Banks Reduce Variable Mortgage Rates After Central Bank Cut
Business News

More Banks Reduce Variable Mortgage Rates After Central Bank Cut

Major Banks Reduce Mortgage Interest Rates After Central Bank Cut
Business News

Major Banks Reduce Mortgage Interest Rates After Central Bank Cut

Debt Trap Concerns Arise Amid Housing Loan Relief Proposals
Business NewsTop News

Debt Trap Concerns Arise Amid Housing Loan Relief Proposals

The Government wants to lower the requirement for how large a cash contribution is needed for a housing loan and abolish the extra amortization requirement. Private economists from several different banks give a thumbs up but at the same time raise a warning finger for new borrowers
Swedish Central Bank Expected to Lower Interest Rate Wednesday
Business News

Swedish Central Bank Expected to Lower Interest Rate Wednesday

Most assessors agree that the Swedish Central Banken will proceed with a reduction of the interest rate by 0,25 percent on Wednesday. The monetary policy constitutes the first line of defense in the economic situation we find ourselves in now
Nordea and Landshypotek Reduce Mortgage Rates Ahead of Rate Decision
Business News

Nordea and Landshypotek Reduce Mortgage Rates Ahead of Rate Decision

Swedish Economy Grows in April Despite Industry Setback
Business News

Swedish Economy Grows in April Despite Industry Setback

Increased household consumption and higher production in the business sector meant that the Swedish economy grew by 0,4 percent in April compared to the previous month, according to a preliminary calculation from the Statistical Central Bureau (SCB). But at the same time, orders received by the industry fell sharply
Nordea Predicts Swedish Central Bank Interest Rate Cut in June
Business News

Nordea Predicts Swedish Central Bank Interest Rate Cut in June

Nordea is backing other major banks and now expects the Swedish Central Bank to lower the interest rate in June. Chief Economist Annika Winsth actually does not think it is needed right now
Nordea Predicts Swedish Central Bank Interest Rate Cut in June
Business News

Nordea Predicts Swedish Central Bank Interest Rate Cut in June

Lower Inflation in May Signals Possible June Interest Rate Cut
Business NewsTop News

Lower Inflation in May Signals Possible June Interest Rate Cut

Inflation was lower than expected in May. This speaks for an interest rate cut already in June rather than in the autumn, according to economists
Swedish Economy Shrinks in Q1 2025 Raising Interest Rate Cut Likelihood
Business News

Swedish Economy Shrinks in Q1 2025 Raising Interest Rate Cut Likelihood

Swedish economy shrinks unexpectedly during the year's first quarter, based on a second calculation by the Statistics Bureau (SCB). Today's figure has increased the probability of an interest rate cut, says Nordea's chief analyst Torbjörn Isaksson
Major Banks Differ on Swedish Interest Rate Cuts for 2023
Business News

Major Banks Differ on Swedish Interest Rate Cuts for 2023

There is great uncertainty surrounding the interest rate development during the year. Handelsbanken and Swedbank are counting on two cuts
Rising Food Prices: Coffee Costs Surge by 42 Percent
Business NewsTop News

Rising Food Prices: Coffee Costs Surge by 42 Percent

The increase in food prices accelerated further in April. It has become 42 percent more expensive, according to new SCB figures
Stock Market Pauses Amid Trade War News as SBB Soars 40 Percent
Business News

Stock Market Pauses Amid Trade War News as SBB Soars 40 Percent

The strong price increases have ebbed out after Monday's announcement about a pause in the trade war between China and the USA. The OMXS index, like leading European stock exchanges, closed near zero – The real estate company SBB rocketed 40 percent
Fake Online Purchases Worth Millions Blocked by Authorities and Banks
Sweden News

Fake Online Purchases Worth Millions Blocked by Authorities and Banks

The police, the Consumer Agency and the four major banks have together stopped thousands of purchases on fake online stores by starting to share information with each other. The collaboration, which took place at the end of the year, led to the total amount stopped being tens of millions of kronor higher than before
Economists Split on Potential Swedish Interest Rate Cut
Business News

Economists Split on Potential Swedish Interest Rate Cut

Even if the Central Bank keeps the door open for an interest rate cut further ahead, Nordea's chief economist Annika Winsth is doubtful about whether it will happen. SEB's chief strategist Olle Holmgren, on the other hand, believes increasingly strongly in a cut as early as June
Economists Split on Possible Interest Rate Cut by Swedish Central Bank
Business News

Economists Split on Possible Interest Rate Cut by Swedish Central Bank

Even if the Central Bank keeps the door open for an interest rate cut further ahead, Nordea's chief economist Annika Winsth is doubtful about whether it will happen. SEB's chief strategist Olle Holmgren, on the other hand, believes increasingly strongly in a cut as early as June
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