"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
Higher energy prices and a weaker krona contributed to more than a doubling of CPIF inflation in September, preliminary figures from Statistics Sweden (Sweden’s national statistics agency) show. The figures confirm that the Swedish Central Bank (Sweden’s central bank) will have to raise the policy rate in November, according to Susanne Spector, chief economist at Danske Bank.
BusinessSwedish households are starting to feel the effects of energy prices driven up by the war. Higher electricity bills and rising fuel prices mean inflation may have more than doubled in September, according to analysts’ forecasts. And significantly higher interest rates are soon on the way for highly leveraged households and companies.
BusinessSEB's housing price indicator shows that more and more households are considering fixing their variable mortgage rates.
BusinessThe Swedish Central Bank's Executive Board agrees that it is soon time to start tightening the Swedish economy with a higher policy rate to curb inflationary pressure, according to the minutes from the interest rate meeting in Gothenburg last week.
BusinessSkandia's mortgage bank is raising interest rates on mortgages with fixed terms of 2-5 years by 0.10 percentage points, the bank writes in a press release.
BusinessSwedish companies are planning larger price increases than normal, according to this month's economic barometer from the state-run National Institute of Economic Research (KI). At the same time, the mood in the economy is improving. We are now leaving the recession, says Director General Albin Kainelainen.
BusinessThe state-owned mortgage bank SBAB is raising interest rates on mortgages with terms of 1-10 years. The interest rate on mortgages with a term of three months, so-called floating interest rates, remains unchanged.
BusinessElectricity, gasoline and an expected interest rate hit. Add to that a bus pass that could double in price. A really expensive winter is coming. The bills for a household could be more than 3,000 kronor higher each month, compared with last year, according to TT's calculations.
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