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MONEY

Riksbank was split on interest rate decision

The leadership of the Riksbank was split in its decision to raise the repo rate during its monetary policy meeting on February 12th.

The lack of unanimity was revealed in the meeting’s minutes, which were published on Monday morning.

Following the meeting, the Riksbank decided to raise Sweden’s main interest rate a quarter of a point to 4.25 percent, a decision which caught many analysts by surprise.

Vice governors Lars Nyberg and Irma Rosenberg came out against the decision, wanting instead to hold the rate steady.

ESSENTIAL SWEDEN

Banks, bills and mortgages: Essential articles for life in Sweden

Wondering which banks give mortgages to foreigners, or what happens if you are struggling to pay a bill? Essential Sweden this week answers those questions and more.

Banks, bills and mortgages: Essential articles for life in Sweden

Interest rates may soon drop, but there’s still hope if you’re finding it hard to pay your mortgage each month.

Which bank should you use if you’re a recent arrival to Sweden? We asked our readers for their tips: here’s what they said,

We hope you never find yourself in the situation that you’re unable to pay a bill in Sweden, but it’s good to know what happens if you do, just in case.

Owning a second home is relatively commonplace in Sweden, and they often sell for under a million kronor in more remote areas. But what should you take into account when considering a purchase?

People who arrived in Sweden as adults often need to top up their pension savings, and one way to do this is via investments. What are the different types of investing and how do they work?

Finally, if you’re planning on buying a home any time soon, it’s worth knowing which banks require you to have permanent residency in Sweden before you apply for a mortgage. 

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