"Riksbanken", The Swedish Central Bank, founded in 1668, is the world's oldest central bank and an authority under the Swedish parliament. The bank's main tasks include conducting monetary policy to maintain low and stable inflation, as well as promoting a safe and efficient payment system.
Source: Sveriges Riksbank
The number of company bankruptcies decreased for the third month in a row in June. The decrease was 5 percent compared to the same period last year, according to statistics from the business and credit information company UC. At the same time, the number of newly started companies is increasing by 5 percent.
BusinessUnexpectedly gloomy statistics, weak indicators and dovish central bank signals. Now the door has been opened for two cuts of the steering rate – to 1.50 percent – in the market's pricing. The first may come as early as August.
BusinessThe risks that inflation may become too low going forward were in focus at last week's interest rate meeting, shows a protocol from the Swedish Central Banken. The members interpret the probability of an interest rate cut in the autumn somewhat differently and the uncertainty – regarding tariffs and the geopolitical development – remains.
BusinessSkandia lowers the interest rate on so-called variable mortgages, with a three-month binding period, by 0.25 percentage points.
BusinessThe Stockholm stock exchange's initial rise was traded away in afternoon trading. Like leading European stock exchanges, the OMXS index fell slightly. It was toughest for the real estate company SBB – which dove 8 percent.
BusinessThe National Institute of Economic Research presents a brighter picture of the economy than the government for the coming years. A lowered interest rate and a subdued inflation that has stopped eroding wage increases will get people to consume more, forecasts Director-General Albin Kainelainen.
BusinessLast week, the Swedish Central Bank lowered the interest rate and at the same time indicated that another reduction may come later this year. Riksbank Governor Erik Thedéen thinks it's too early to say how the escalation in the Middle East in the past week can affect the interest rate decision.
BusinessMore in The Swedish Central Bank
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