The Local Sweden https://feeds.thelocal.com/ Read the latest news and views from Sweden in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed What Sweden's rising interest rate means for those who live here Sweden's central bank on Thursday raised its main interest rate to zero for the first time in half a decade. But what does that mean for ordinary people? https://www.thelocal.se/20191219/what-swedens-rising-interest-rate-means-for-those-who-live-here Thu, 19 Dec 2019 12:39:18 +0100 what-swedens-rising-interest-rate-means-for-those-who-live-here Why Sweden just ditched its negative interest rates – after almost five years Sweden's central bank on Thursday raised the country's interest rate to zero for the first time since the beginning of 2015. https://www.thelocal.se/20191219/sweden-abandons-negative-interest-rate-after-almost-five-years Thu, 19 Dec 2019 10:35:37 +0100 sweden-abandons-negative-interest-rate-after-almost-five-years Sweden outlines plan to raise its negative interest rate Sweden's central bank plans to raise the country's interest rate, which has stayed below a historic zero since 2015, in December. https://www.thelocal.se/20191024/heres-when-sweden-plans-to-raise-its-interest-rate Thu, 24 Oct 2019 11:46:01 +0200 heres-when-sweden-plans-to-raise-its-interest-rate Swedish krona tumbles to worst levels against dollar in 16 years A lower-than-expected inflation rate on Tuesday saw the Swedish krona slump to its worst levels against the US dollar in 16 years, fuelling fears that Sweden's Central Bank will be unable to flip the country's negative repo rate into positive territory any time soon. https://www.thelocal.se/20190219/swedish-krona-tumbles-to-worst-levels-against-dollar-in-16-years Tue, 19 Feb 2019 16:50:51 +0100 swedish-krona-tumbles-to-worst-levels-against-dollar-in-16-years Swedish cryptocurrency could be coming soon, but cash is still needed: Riksbank boss The launch of an e-krona could be only a few years away, but all banks should be expected to handle cash, according to the governor of Sweden's central Riksbank. https://www.thelocal.se/20180313/swedish-cryptocurrency-could-be-coming-soon-but-cash-is-still-needed-riksbank-boss Tue, 13 Mar 2018 12:47:18 +0100 swedish-cryptocurrency-could-be-coming-soon-but-cash-is-still-needed-riksbank-boss Sweden keeps record-low interest rate Sweden's record-low interest rate of -0.50 percent has been extended once again, the country's central bank announced on Wednesday. https://www.thelocal.se/20180214/sweden-keeps-record-low-interest-rate-050 Wed, 14 Feb 2018 16:34:13 +0100 sweden-keeps-record-low-interest-rate-050 Swedes get set for new money, money, money A new smartphone app is set to help Swedes navigate the biggest switch in bank notes the country has ever seen with only two months to go before the new cash is introduced. https://www.thelocal.se/20150731/swedes-get-ready-for-new-money-money-money Fri, 31 Jul 2015 14:38:24 +0200 swedes-get-ready-for-new-money-money-money Ingves: Interest rates stable all year The head of Sweden's central bank has said he expects Sweden's interest rates to remain at their current low level in 2012, but warned banks that they must be more open about how much they earn from lending to customers. https://www.thelocal.se/20120102/38280 Mon, 02 Jan 2012 11:32:00 +0100 38280 Sweden’s Riksbank raises interest rates The Swedish central bank, Riksbanken, has decided to raise the repo rate by 0.25 percentage points to 2.0 per cent, the bank announced on Tuesday. https://www.thelocal.se/20110705/34746 Tue, 05 Jul 2011 11:59:00 +0200 34746 Riksbank rejects Swedish housing bubble fears Sweden's central bank does not believe the country is in the midst of a housing bubble, saying in a report published Tuesday that rapidly rising housing prices are due to natural developments in the market. https://www.thelocal.se/20110405/33032 Tue, 05 Apr 2011 19:44:00 +0200 33032 Defence firm Saab returns to profitability Loss-making Saab Automobile in Sweden, solely owned by General Motors, is best known for its mid-range cars, and has been up for sale. The prospective buyer is Spyker Cars in Holland, producer of tailored luxury cars. https://www.thelocal.se/20100214/24976 Sun, 14 Feb 2010 11:12:00 +0100 24976 Borg forecasts mass unemployment Sweden's finance minister Anders Borg has predicted that the country's unemployment rate will hit 12 percent in 2011. https://www.thelocal.se/20090401/18598 Wed, 01 Apr 2009 13:21:00 +0200 18598 'Economic crisis as bad as the 1990s': report The Swedish economy will deteriorate sharply this year. GDP will drop by 3.9 percent and 250,000 jobs will disappear by the end of 2010, according to a new report by the National Institute of Economic Research (KI), published on Tuesday. https://www.thelocal.se/20090331/18568 Tue, 31 Mar 2009 12:19:00 +0200 18568