Swedbank

SEB and Swedbank warn of tougher times for Swedish households as inflation and interest rates rise

Tougher economic times are ahead, with rising inflation, higher interest rates and less expansionary fiscal policy, according to major banks SEB and Swedbank.

Average variable mortgage rate dips in October as five-year fixed rates rise

The average interest rate on variable-rate mortgages fell marginally in October, according to comparison service Zmarta. However, rates on mortgages with longer fixed terms continued to rise.

Handelsbanken Raises Three-Month Mortgage Rate to 4.19%

US Midterm Election Result Boosts Stocks as Stockholm Market Hits Record High

The noise surrounding the US election has given the market a boost, with strong stock market gains, falling oil prices and lower interest rates. The Stockholm stock market has hit a new record. “Maintain high equity exposure,” advises major bank Swedbank.

Swedbank raises variable mortgage rate after Riksbank hike, Länsförsäkringar follows

After the Swedish Central Bank raised its key interest rate by 0.25 percentage points on Wednesday, major bank Swedbank is following suit, raising the rate on its variable-rate mortgages.

Sweden’s Services PMI Falls to 55.7 in October as Cost Pressures Remain High

The purchasing managers’ index for the private services sector fell in October to 55.7, down from 57.3 the previous month.

Swedish Manufacturing PMI Hits Highest Level Since January 2022 as Industry Gains Momentum

Swedish industry is gaining momentum. The purchasing managers’ index rose to 60.5 in October, up from 58.5 in September.

Children’s allowances fall behind inflation, Swedbank survey finds

The recent surge in inflation has put pressure on many households, but children are among the clear losers. Their weekly and monthly allowances have not kept pace with the rising cost of living.