Organisation
The Swedish Central Bank
"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
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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.
Business
Small Home Price Increases Amid Large Selection and Uncertainty
Large supply and geopolitical uncertainty made house prices barely move upwards in May. Villa prices rose a bit more clearly, shows monthly figures from Swedish Real Estate Statistics. A rate cut by the Swedish Central Bank can get better pace on the price development, according to Oskar Öholm, CEO of the Real Estate Agents Association.
Business
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. But the pressure on the Swedish Central Bank will increase, so they will lower, she says.
Business
Swedish Companies Cautious on Hiring Amid Economic Uncertainty
Swedish companies are still hesitant to make new recruitments. Only one in four surveyed companies believe they will have more employees within a year, according to the Swedish Enterprise survey.
Business
OECD Warns of Rising Risks for Swedish Economy Amid Global Uncertainty
After two years of stagnation, the risks for the Swedish economy are growing in an uncertain and rapidly changing world, according to the economic cooperation organisation OECD. Deregulating the rental market and strengthening the tax base are two pieces of advice from the organisation.
BusinessTop 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.
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- BusinessSkandia Reduces Variable Mortgage Rate by 0.07 Points
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