Sweden

EMU debate crucial to long term health of Swedish

SWEDEN - With the Swedish krona suffering from classic symptoms of a small European currency remaining outside of European Monetary Union, its best hope of a sustained recovery may be an acceleration of the EMU debate and entry process, analysts say.

Euro's launch vital to debate in Sweden

SWEDEN - Goran Persson, Sweden's Social Democratic prime minister, believes the Scandinavian country could be a member of the single currency by 2005 if next January's introduction of euro notes and coins is a success.

Riksbank publish 2001 Financial Stability Report

RESEARCH - The Sveriges Riksbank, Sweden's central bank, has published its Financial Stability Report for May 2001. They report that the banking sector appears well-equipped to manage the effects that could ensue from a general economic slowdown.

Costs of forex intervention - evidence from Sweden

ARTICLE - Boo Sjoo and Richard Sweeney have published an article "The foreign-exchange costs of central bank intervention: evidence from Sweden" in the latest issue of Journal of International Money and Finance. The study supports the view that the…

Swedish inflation risks receding-Riksbank

Sweden's central bank, the Riksbank, said on Feb 26, 2001 that inflation risks appeared to have diminished since it raised interest rates in December 2000, although the outcome of the current wage round could affect the picture.

Swedish cbank board member mulled rate cut-minutes

Sweden's central bank, or Riksbank, said on Feb 15, 2001 its board, which sets monetary policy, had agreed unanimously at its last meeting on Feb 1, 2001 to keep the key repo rate unchanged at 4.00 percent. During the monetary policy discussion, however,…

Swedish Riksbank says rate policy right for now

Sweden's central bank said on Feb 9, 2001 inflation prospects were favourable and its inflation target achievable in coming years, and there was no need right now for further monetary policy measures."Today, inflation prospects seem to be favourable,"…

Sweden should raise rates soon, OECD says

The OECD on Feb 8, 2001 called on Sweden's central bank, which has signalled it plans to keep interest rates on hold for now, to tighten monetary policy soon. The Organisation for Economic Cooperation and Development said in a country report the Riksbank…

Burst IT-bubble temporary setback - Swedish c.bank

The information technology revolution will continue - despite the collapse of many IT stocks in 2000 - with unforseeable consequences for future economic policy, Sweden's central bank said on Feb 7, 2001. Riksbank governor Urban Backstrom made it clear…

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