"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
Between 0.10 and 0.40 percentage units. That's how much the major banks lowered the variable mortgage interest rate in November, according to the actual interest rate that customers pay on average. The gap between the variable and fixed interest rate is now shrinking rapidly.
BusinessThe deals are becoming more and more frequent. And the prices of condominiums continue to rise. Over a year, the increase is around five percent. But it is partially an illusion. Taking inflation into account, the prices are in reality roughly at the same level as in 2016, says Oskar Öholm, CEO of Mäklarsamfundet.
BusinessDespite the inflation hike – The Central Bank will lower the interest rate in a couple of weeks. This is the major banks' assessment. This is nothing that makes The Central Bank nervous, says Johan Löf, forecasting officer at Handelsbanken.
BusinessThe Stockholm Stock Exchange turns upwards on a weak plus after a hesitant start. It became the seventh trading day in a row on plus.
BusinessInflation expectations appear stable according to a fresh measurement made by Kantar Prospera. Inflation is expected to remain below the inflation target for a while longer.
BusinessInflation is expected to rise again when the figures for November are reported this week. Once again, households must prepare for more expensive food. I think it looks quite negative. The signals in recent times are that food prices are being pushed up, says Carl Nilsson, economist at Swedbank.
BusinessSwedish economy recovers slower than expected, according to a new forecast from Danske Bank's economists. They believe that this year's growth will stop at 0.7 per cent, which can be compared to an earlier forecast of 1.2 per cent.
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