Sweden's Nyberg on household debt burden

Speaking at a breakfast meeting in Malmo on Friday 11 February Sveriges Riksbank Deputy Governor Lars Nyberg said households currently have on average debts amounting to 125 per cent of their annual income, which is almost as much as the figure immediately prior to the property crisis in 1992.

"However, interest payments are less than half what they were then; approximately 4 per cent of incomes," he said.

"The fact that households are borrowing more, in Sweden and in many other countries, is

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