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End to Interest Rate Cuts – Major Bank Changes Its Mind
There will be no more interest rate cuts from the Swedish Central Bank. The major bank Nordea has changed its mind and now expects that it has reached the bottom.
Technical problems at Nordea resolved
Nordea was affected by technical problems with login in its app and online banking this morning. Since 11:30, the problems should be resolved, says Henrik Devell, press spokesperson at the bank.
Saab the Heaviest Pull on a Merry Stock Exchange
The defence group Saab was the biggest draw when the Stockholm Stock Exchange rose on Monday, as did several other defence companies on European stock exchanges. The banking sector also performed very well in Stockholm.
Expensive graduation party - "can be anxiety-filled"
Sing about the student's happy day, it says in the student song. But it also risks becoming a very expensive day, for the student's parents.
SSAB wins on the stock exchange despite threats of steel tariffs
The Stockholm Stock Exchange rose broadly on the first day of the trading week. The OMXS index increased by 0.
Bound Mortgage Rates on the Way Up
The variable mortgage rates continued to fall in January. On the other hand, the fixed rates have bottomed out and turned upwards at the beginning of the year, according to statistics that show what households actually pay for their home loans.
The Stockholm Stock Exchange closed the week with a decline
The Stockholm stock exchange's downturn continued on Friday. At closing, the broad OMXS index was down 0.
Major Banks Increase Dividend to 115 Billion
The major banks' profits were largely stagnant in 2024. However, the dividends to shareholders will increase in the spring with over ten billion to a total of 115 billion kronor, plus tens of billions more in share buybacks.
Still slow for the service sector
The Purchasing Managers' Index for the service sector fell to 50. 1 in January, according to Swedbank and Silf.
Better pace in Swedish industry
Purchasing Managers' Index for the manufacturing industry rose to 52. 9 in January, according to Swedbank and Silf.
Assessors: More Cuts Are Needed
Today's interest rate cut is the last one that the Swedish Central Bank is currently signaling. Completely wrong, according to several actors who want to see further cuts in the near future.
Bankers lower mortgage rates – this is how you should think now
Several banks are now lowering their variable mortgage rates following the Swedish Central Bank's recent rate cut. So how should mortgage borrowers think? Look out for yourself, says Christina Sahlberg, savings economist at the comparison site Compricer.
No Increase in Dividend Payout from SEB
The major bank SEB chooses not to propose any increased dividend to the shareholders. Instead, a comprehensive repurchase program of the company's shares is proposed.
SEB and Swedbank: Two Interest Rate Cuts Ahead
The Swedish Central Bank lowers the interest rate twice this year, to 2. 0 percent, predicts Swedbank and SEB in new economic reports.
Stock market up after strong reports
After Thursday's strong reports from, among others, Swedbank and Sandvik, the tones were positive on the Stockholm Stock Exchange. The broad OMXS index rose 1.
Swedbank distributes 24.6 billion to its owners
Swedbank beats market expectations with its annual report and proposes a giant dividend to the owners. A total of 24.
Swedbank gives more to its owners
Swedbank increases the share of the major bank's profit distributed to shareholders – from 50 to 60-70 per cent. "The board's decision on changed dividend policy means that we can both develop the bank for our customers and increase lending in pace with the changing business environment", says CEO Jens Henriksson according to a press release.
The Chancellor of Justice: The Supreme Court should not review the Bonnesen verdict
The National Prosecutor does not believe that the Supreme Court should review the verdict against the former Swedbank CEO Birgitte Bonnesen. .
Technical problems for Swedbank
Swedbank had major technical problems for a few hours on Sunday. It was not possible to access the bank's website or the app.
Thedéen: Likely with another interest rate cut
It is likely that the interest rate will be lowered again within six months, according to the Central Bank Governor Erik Thedéen. .
Technical problems for major bank
The major bank Swedbank experienced technical problems on Sunday afternoon. Some users were unable to log in to the app or internet bank.
Mortgage Rates Fall – They Have the Lowest Rate
Mortgage interest rates continue to fall. The major banks have lowered their variable interest rates over the past month – but you'll find the lowest average interest rate among the smaller banks.
Inflation falls – opens up for interest rate cuts
Inflation fell more than analysts had calculated in December. The probability of the Swedish Central Bank lowering the interest rate again as early as the end of January is increasing.
Slow recovery in the service sector
The Purchasing Managers' Index for the private service sector rose to 51. 4 in December, from revised 51.
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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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