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Industry disappoints – "It didn't get better"
The Swedish industry does not believe that the economy will improve in the near future, shows the Swedish Central Bank's latest corporate survey. "It did not get better, as we expected in May", says a participant in the survey.
Widespread trade pessimism: "Not a bright prognosis"
Future confidence in Swedish trade is somewhat divided, shows the month's trade barometer. The party and daily goods trade see a slightly brighter future, while the future indicator for occasional purchase goods drops sharply.
Full speed in the factory – but order intake is plummeting
Record production and deliveries and a significant profit increase characterize the third quarter for truck manufacturer Scania. However, order intake points sharply downward.
Interest Rate Shock Gave Banks 80 Billion in Extra Profit
The banks have earned 80 billion kronor in extra profits from the recent years' interest rate shock. .
The Crown on the Decline Again
October became a dark month for the krona, which lost 50 öre against the dollar. Fewer expected American interest rate cuts and signals of a weaker Swedish economy contributed.
Major Banks' Profits Increase Again
The major banks' profits are increasing despite the lower interest rates. When the profitability of mortgage loans is squeezed, the banks find other revenue streams.
The market convinced of double rate cut
The market is pricing in a double rate cut of 0. 50 percentage points by the Swedish Central Bank in November, followed by another cut in December, according to pricing.
Skandia lowers mortgage rates
Skandia is lowering its list rates on mortgages with terms of 1-3 years by 0. 10-0.
CEO of Swedbank: "It will gradually brighten up for households"
It's going well for the major bank Swedbank – which, however, notes that many still struggle with the economy. In pace with the Swedish Central Bank lowering the interest rate, it will gradually brighten up for households, says CEO Jens Henriksson.
Forecast: When the Mortgage Rate Will Be at Its Lowest
The variable mortgage rate reaches its bottom next summer. That assessment makes state-owned SBAB.
Thedéen: We are lowering rapidly
The Governor of the Central Bank Erik Thedéen hits back at critics who are demanding faster interest rate cuts. We are cutting quickly, he says in an inquiry about monetary policy in the Riksdag's Finance Committee.
Inflation falls to 1.1 percent
Inflation fell in September to 1. 1 percent according to the KPIF measure, reports the Statistics Sweden (SCB).
More Believe in Rising Housing Prices
The proportion of households that believe in rising housing prices in the coming year is 59 percent this month, an increase of 1 unit from last month. The proportion of households that believe in falling prices decreases by 1 unit to 10 percent, and the proportion that believes in unchanged prices remains at 20 percent, the same level as last month.
Thedéen hesitates about double rate cut
Many assessors and market players believe that there will be a double rate cut of the Swedish Central Bank's interest rate in November. But the Swedish Central Bank's governor Erik Thedéen does not want to put his foot down two weeks before the announcement.
New Zealand lowers the interest rate again
A double rate cut or "just" 0. 25 percentage points.
Lowest Inflation in Almost Five Years
Inflation fell to 1. 1 per cent in September according to preliminary figures from Statistics Sweden (SCB).
New inflation figure expected to surpass the old one
The new rapid inflation figure – which the Statistics Sweden (SCB) will start reporting tomorrow – will knock out the ordinary inflation figure as the important one, experts believe. I think the market reaction will come in conjunction with rapid-CPI, says major bank SEB's inflation expert Olle Holmgren.
Inflation Expectations Remain Below Target
Despite the Swedish Central Bank's interest rate cuts and a downwardly revised forecast for interest rates ahead, expectations for KPIF inflation remain at 1. 7 percent over a one-year horizon, the same level as in September, according to a fresh measurement of market inflation expectations conducted by Kantar Prospera.
SBAB lowers savings rate
The state-owned bank SBAB is lowering the savings rate by 0. 25 percentage points and is thus following the Swedish Central Bank's lowering of the interest rate last week.
Central Bank Chief: Opens Up for Further Rate Cuts
The weak inflation trend opens the door for a faster reduction of the interest rate. This is the opinion of Vice Governor of the Central Bank Per Jansson according to the protocol.
The time of teaser prices is over on the housing market
Despite interest rate cuts, there will be no significant price increases compared to the starting price of homes, new figures show. In one of the major cities, there is even negative price development.
Your savings rate is back to zero again
It was small, and now it's back to zero again - the interest rate on major banks' salary accounts. Move your money, advises the central bank governor.
The Swedish Central Bank Should Cut Interest Rates Further
The National Institute of Economic Research (KI) is lowering its GDP forecast for next year to 1. 8 percent and expects a low-growth economy until the end of 2026.
Interest Rate Criticism: Unjustified to Press Households Further
A number of actors think that the Swedish Central Bank's interest rate cut is too timid. "A larger cut would have been better for the economy and for households' strained budgets", writes Saco in a comment.
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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