Swedish 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.
BusinessClear signals of future interest rate hikes from the European Central Bank (ECB) or an unexpectedly high US inflation figure could eventually push up mortgage rates in Sweden. A first step could be for the Swedish Central Bank, in two weeks, to signal an interest rate hike later this year.
BusinessInflation according to the CPIF measure fell to 1.3 percent in June, according to a preliminary calculation by Statistics Sweden (SCB). A small decline, but not enough to affect mortgage rates, according to experts.
BusinessThe Swedish Central Bank leaves the key interest rate unchanged at 1.75 percent. At the same time, the bank signals that an interest-rate increase is more likely later in the year.
BusinessSwedish households are at risk of facing more expensive mortgages in addition to higher electricity and fuel prices this autumn. A step toward that could come on Thursday, when the European Central Bank (ECB) may increase pressure on the Swedish Central Bank to raise interest rates.
BusinessThe Swedish Central Bank leaves the key interest rate unchanged at 1.75 percent. The picture ahead is bleak. We nevertheless assess that the risk that the war in the Middle East will lead to higher inflation has increased somewhat, says Riksbank Governor Erik Thedéen.
BusinessThe krona is taking a real beating, and Swedish market interest rates are being pushed down after an unexpectedly low inflation figure for March. The Swedish Central Bank has plenty of room to wait, says Torbjörn Isaksson, chief analyst at Nordea, regarding the likelihood of interest-rate hikes due to inflation this year.
BusinessThe war in Iran has created a "very serious situation," according to Riksbank Governor Erik Thedéen. "There is much that is uncertain now. It changes from day to day, not to say hour by hour," he said at a press conference.
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