Erik Thedéen

Inflation Rate - KPIF in Sweden 1.1% in September

The underlying inflation rate KPIF has been gradually decreasing and is in a clear downward trend.

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.

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. The most important message is that the direction of the interest rate is downwards, he says.

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.

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 Central Bank is warning of 4-5 rate cuts

The Swedish Central Bank lowers the interest rate by 0.25 percentage points and opens up for the possibility of a double-sized reduction in November or December. And then even more is expected. The economy is weaker, which means there is reason to move faster, says Riksbank Governor Erik Thedéen.

Upwards on the stock market after interest rate cut

The Stockholm Stock Exchange rose after the Swedish Central Bank's third interest rate cut this year and the possibility of a so-called double cut later in the autumn. The broad OMXS index gained 0.7 per cent.

Variable Mortgage Rates Fall Ahead of Riksbank's Decision

The state-owned mortgage bank SBAB and Länsförsäkringar are lowering the interest rate on mortgages with a three-month term by 0.20 percentage points. The reductions come ahead of Wednesday's interest rate decision from the Swedish Central Bank.

Thousand-kronor notes await lower interest rate

A autumn of interest rate cuts awaits and already this week, the Swedish Central Bank may strike with a double cut. At the beginning of next year, a million loan with variable interest rate may be 800 kronor cheaper per month.

Inflation Falls More Than Expected

Inflation fell unexpectedly much in August, down to 1.2 percent according to the KPIF measure. Energy prices are pulling the most downward. These figures give Thedéen the courage to continue with the interest rate cuts, says Alexandra Stråberg at Länsförsäkringar.

The Swedish Central Bank can move faster

Swedish economy shrinks and inflation is expected to fall even further below target when new inflation figures are presented on Thursday. The Swedish Central Bank could move faster, says Albin Kainelainen, Director-General of the National Institute of Economic Research (KI).

ECB expected to initiate wave of interest rate cuts

The European Central Bank (ECB) is expected to lower its key interest rate by 0.25 percentage points on Thursday. The reduction would be the second this year, following all the hikes in the inflation shock. It is also expected to be the starting point for a wave of reductions by other central banks – including the Swedish Central Bank.

Increased probability of four interest rate cuts

Thedéen: Likely with three rate cuts this year

It is leaning towards three cuts in the interest rate this year, according to the assessment of the Swedish Central Bank Governor Erik Thedéen. It is more likely that we will make three cuts than two cuts, he says in a speech.

Double Cut on the Table at the Central Bank Headquarters

A double cut in the interest rate was up for discussion at the latest Riksbank meeting. This is evident from the minutes.

The Central Bank Opens Up for Faster Cuts

As expected, the Central Bank is lowering the interest rate by 0.25 percentage points to 3.50 percent. More unexpectedly, they are now signaling that there may be three more cuts already this year. We're speeding up this journey a bit, says the Central Bank Governor Erik Thedéen.

Rapid Cuts - Not if Powell Gets to Decide

Jerome Powell, the head of the US central bank Federal Reserve (Fed), is expected to try to calm down speculations about unusually rapid cuts in a speech at the annual symposium in Jackson Hole on Friday. But the direction is clear. The interest rate in the US will start to be cut in the autumn, according to SEB economist Robert Bergqvist.

Economists Convinced that the Central Bank will Lower

Bank CEO after Trump attack: A nervous market

The attempted murder of the Republican presidential candidate Donald Trump may cause ripples on the financial market. This is stated by the Nordea CEO in connection with Monday's quarterly report. In the short term, I believe it will be a nervous and fairly volatile market, says CEO Frank Vang-Jensen.

The Interest Rate Myth: We Are in a New Phase

The Riksbank expects to be able to make two or three interest rate cuts during the second half of the year, if inflation falls as expected. We are in a new phase in monetary policy, says the Governor of the Riksbank, Erik Thedéen.

Major Bank: Absolutely Right of the Central Bank

The Governor of the Central Bank, Erik Thedéen, is open to three interest rate cuts this year. The news is dividing experts. Absolutely right by the Central Bank, assesses Swedbank's chief economist Mattias Persson.

Forget interest rate cut – it may be delayed until September

Pressed mortgage holders can forget a rate cut this week. It may be delayed until autumn before the Central Bank lowers, predicts Handelsbanken.

Inflation announcement may pave the way for interest rate cuts

On Friday, new figures are expected to show that inflation continued to fall in May. The message could be decisive for when the Riksbank lowers the interest rate again.

The Big Bank: Hope Remains for a Lowered Interest Rate in June

Inflation is falling clearly, now below the Riksbank's target, according to Nordea's economists who do not entirely rule out a rate cut as early as June.