Sweden's Nyberg on household debt

In a speech given on 25 August Lars Nyberg of the Sveriges Riksbank said developments since the spring indicate that households are continuing to increase their debts at a rapid rate.

"The most recent Statistics Sweden Real Estate Price Index for July also indicates that house prices are continuing to rise. There must reasonably be a limit somewhere to how long this trend can continue," he said.

"The fact that house prices have risen over a long period of time can be largely explained by

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