STOCKHOLM, May 26 (Reuters) – Sweden’s central bank will be
forced to act if May inflation figures repeat the disappointing
data from the month before, Riksbank Deputy Governor Per Jansson
said on Tuesday.
The Riksbank has slashed rates – it cut the benchmark rate
to -0.25 percent in March – and has begun a programme to buy up
to 90 billion crowns ($10.62 billion) in government bonds as it
fights the threat of deflation.
STOCKHOLM (Reuters) – Sweden’s central bank kept its rates on hold at -0.25 percent on Wednesday, surprising markets which had expected a cut, but expanded its asset purchase programme and said it stood ready to do more to support inflation at short notice if needed.
Analysts in a Reuters poll had forecast a rate cut to -0.35 percent and further bond purchases of up to 50 billion crowns.
STOCKHOLM, April 29 (Reuters) – Sweden’s central bank kept
its rates on hold at -0.25 percent on Wednesday, surprising
markets which had expected a cut, but expanded its asset
purchase programme and said it stood ready to do more to support
inflation at short notice if needed.
Analysts in a Reuters poll had forecast a rate cut to -0.35
percent and further bond purchases of up to 50 billion crowns.
STOCKHOLM, April 10 (Reuters) – Swedes face tax rises in
this month’s budget, but the coalition’s fragile hold on power
will limit scope for a more radical shift to the left and the
potential unravelling of years of market-oriented reforms.
Prime Minister Stefan Lofven in his election campaign last
year pledged sweeping change after eight years of income tax
cuts that were widely seen as undermining the country’s welfare
STOCKHOLM (Reuters) – Having twice cut rates into negative territory, Sweden’s central bank is locked in a high-stakes currency war with the European Central Bank that could stave off deflation but risks creating another property bubble.
The Riksbank is worried that a strengthening crown, fueled in part by ECB bond-buying, will reverse a recent upturn in consumer prices and raise the specter of deflationary damage to Sweden’s fast-growing AAA economy.
STOCKHOLM (Reuters) – Swedish prosecutors want to question Julian Assange in London over allegations of sexual assault, potentially ending an impasse that left the WikiLeaks founder holed up for almost three years in Ecuador’s embassy.
Swedish prosecutors said on Friday they had asked for Assange’s approval to question him in London, a U-turn after years of insisting he must go to Stockholm for questioning about alleged assaults against two women in 2010.
STOCKHOLM (Reuters) – The fate of a defense cooperation accord with Saudi Arabia has triggered a dispute between Swedish business, including powerful arms exporters, and the country’s new center-left government which favors a foreign policy focused on human rights.
Despite its traditional neutrality – it is not a member of NATO – Sweden is the world’s 12th biggest arms exporter and has a renewable five-year accord with Saudi Arabia to cooperate on military systems, training and transfers of technology.
STOCKHOLM (Reuters) – Sweden shocked markets on Thursday by introducing negative interest rates, launching bond purchases and saying it could take further steps to battle falling prices.
The central bank joins a list of those including the European Central Bank, the U.S. Federal Reserve and the Bank of England, to resort to unconventional monetary policy steps to confront an unusual combination of economic problems.
STOCKHOLM (Reuters) – The Swedish central bank shocked markets on Thursday by cutting its key interest rate into negative territory, launching bond purchases and saying it stood ready to take further measures at short notice as it battled the threat of deflation.
Negative rates take Sweden into a select club of countries which have experimented with a measure that was rejected by many economists as unfeasible until the financial crisis.
STOCKHOLM, Feb 10 (Reuters) – Finland’s state investment arm
Solidium has raised the number of shares it is selling in
Swedish telecoms group TeliaSonera to 200 million from
175 million, a source familiar with the matter said on Tuesday.
Earlier on Tuesday Solidium had said it would sell 175
million shares, representing a 4 percent stake.