
"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
Food prices rose by 5.4 per cent annually in March, according to new figures from SCB. This is the highest price increase in 16 months. Prices for chocolate and coffee are soaring.
BusinessSwedish GDP fell by 1.5 percent in February compared to January, according to SCB. It was weaker than expected, especially when looking at the composition, says Mattias Persson, chief economist at Swedbank.
BusinessThe Depression, the pandemic, and Black Monday 1987. The recent days' stock market fall has experts drawing parallels to some of the worst events in economic history. This is one of the larger crashes we have experienced, says Daniel Waldenström.
BusinessThe customs chaos means that the Swedish Central Bank needs to lower the interest rate three times this year. Consequently, the floating mortgage interest rate will follow downwards. This assessment is now made by Handelsbanken, which simultaneously warns of a recession in the USA.
BusinessThe Stockholm stock exchange plummeted again on Wednesday following new tariff threats from China and the EU. The broad OMXS index fell 3.2 percent, which was in line with leading European stock exchanges.
BusinessThe stock market crash can create disturbances in the financial system. The tariffs can provide inflation impulses. The growth forecast from March may need to be lowered. The trade war initiated by the Trump administration's tariffs has created a serious situation, according to the central bank governor Erik Thedéen.
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