Thursday, Sep 02, 2010
Sensible Sweden
Nytimes: Swedish Move Highlights Uneven Europe Recovery
The Swedish central bank raised its benchmark interest rate Thursday to help head off inflation as the country’s economy surges, highlighting the divergence of growth in Europe.
The Swedish Riksbank raised the benchmark rate, known as the repo rate, to 0.75 percent from 0.50 percent. It had been raised from a record low of 0.25 percent in July.
Posted by mark @ 12:30 PM (704 views) Add Comment
2 Comments
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1. inbreda said...
"known as the repo rateknown as the repo rate"
that is funny
2. Mw2820 said...
Nothing sensible at all about the Swedes and their housing market. All new mortgages in Sweden are interest-only. Noone intends to pay off any capital. Something not right there.