Sweden

Heikensten likely new Riksbank governor - report

SWEDEN - Lars Heikensten currently First Deputy Riksbank Governor, is most likely to be appointed to the top rank at the Riksbank when Urban Backstrom resigns as Governor at the end of the year, Nordea wrote in its weekly market letter Friday.

ECB Convergence Report 2002

REPORT - The European Central Bank (ECB) publishes today its Convergence Report 2002, which examines whether Sweden has achieved a high degree of sustainable convergence, as well as the compatibility of its national legislation with the Treaty…

Swedish central bank governor resigns

SWEDEN - Sweden's central bank governor said Tuesday he will resign at the end of the year, two years before his term expires, as the Scandinavian country considers adopting Europe's common currency.

Speech by V Bergstrom, Sveriges Riksbank, 15 May

SPEECH - In the speech titled 'Forecasts and business cycles' Deputy Governor Bergstrom said in recent years the Swedish economy has been subjected to relatively large disturbances. The Asian and Russian crisis, as well as severe fluctuations on the…

Riksbank's Bergstroem worries about inflation

SWEDEN - The Riksbank's deputy governor Bergstroem said the bank's research estimates wage rises of 4% over the next two years, which is not compatible with the inflation target of 2%. Further interest rate hikes may be necessary in the future.

Speech by Lars Nyberg of Sveriges Riksbank, 22 Apr

SPEECH - In the speech titled 'The repo rate - spring 2002' Nyberg said inflation should fall in the months ahead, but for inflation to exceed target 1 to 2 years ahead. He also said there were more 'tangible' signs that the Sweden recovery picking up.

Speech by K Persson of Sveriges Riksbank, 17 Apr

SPEECH - In the speech titled 'Monetary policy and competition' Persson said growth in demand in Sweden and abroad seems to be recovering, suggesting the Riksbank was not worried that the economy might stall. "Growth in demand now appears to be on the…

Speech by Eva Srejber of Sveriges Riksbank, 9 Apr

SPEECH - In the speech titled 'Experiences from the cash changeover in the euro area' Srejber says we have alot to learn from the twelve countries who have already implemented the introduction of the euro and this will be of considerable assistance in…

Speech by L Heikensten, Sveriges Riksbank, 2 Apr

SPEECH - Heikensten said in a speech titled 'Growth effects of the new stabilisation policy regime' that Sweden's recent policy of pursuing low and stable inflation and steady economic policies has been important for improving the conditions for economic…

Speech by U Backstrom of Sveriges Riksbank, 19 Mar

SPEECH - "If resource utilization is more strained than the Riksbank now assumes or if potential growth has been overestimated, there is a risk of future inflation being higher than in the main scenario," Backstrom said in a speech following the release…

Speech by Lars Nyberg of Sveriges Riksbank, 11 Mar

SPEECH - In the speech titled 'Financial disturbances and the real economy' Nyberg echoed concerns voiced by colleagues on the banks board that inflation in Sweden has been unexpectedly high lately saying "a number of my colleagues have expressed concern…

Heikensten says slower wage growth needed

SWEDEN - Sweden's membership of European economic and monetary union will demand a higher government budget surplus and lower wage increases, Lars Heikensten, deputy governor of Sweden's central bank told Dagens Nyheter Sunday.

Speech by U Backstrom of Sveriges Riksbank, 7 Mar

SPEECH - Backstrom said in the speech titled 'Swedens economy and monetary policy' that "if inflation, even disregarding the temporary effects, is above the target initially, activity is entering an upward phase and economic policy's impact on the…

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