Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Rise predicted Sweden's interest rates

Share this article

11:48 CET+01:00
Sweden's GDP is expected to rise by 4.5 percent this year, according to Swedish bank SEB's growth report. GDP will rise by 3.5 percent next year and 2.4 percent in 2008.

Unemployment, which will be 5.4 percent this year, will fall to 5.2 percent next year and 4.5 percent in 2008.

Inflation, measured to exclude changes in mortgage payment and the changes in the net amount of altered indirect taxes and subsidies, will be 1.2 percent this year, 1.1 percent next year and 1.5 percent in 2008, SEB predicts.

The bank expects that the Riksbank will raise interest rates. By December this year they will be 3 percent and in one year they will stand at 4 percent, where they will remain for at least one year.

The bank expects the krona to strengthen against the euro, with a value of 9 kronor in December this year, 8.90 in December next year and 8.80 one year later.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

Change the world with a master’s degree from Sweden’s Linköping University

Master’s students at world-leading Linköping University (LiU) aren’t there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?

Advertisement