Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SWEDEN
The prospect of further Riksbank rate cuts through this year should help set a floor in business lending growth, which fell 2.5% Y/Y in July (vs -2.3% prior). Household lending meanwhile was 0.7% Y/Y, steady for the past 3 months.
- Mortgage lending, which constitutes 83% of total household lending, was 0.8% Y/Y, while consumption loans (6% of total lending) fell to 2.0% Y/Y from 3.5% in June.
- The average interest rate on new floating rate mortgages was 4.54% (vs 4.51% in June and 4.57% in July 2023). For 1-5-year fixed rate mortgages, the average interest rate was 3.40% (vs 3.64% in June and 4.14% in July 2023.
- Further Riksbank easing should help these rates continue to fall in the coming months, providing an impulse to domestic demand as disposable income recovers.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok