During the last quarter of 2022, the Swedes took more money out of the bank than they deposited. It is the first time since 2015 that this has occurred.
The fact that the Swedes are reducing their savings can of course be due to several reasons, but I guess that the main reasons are the increasing interest costs and high electricity prices. Being forced to use one's buffer to cover ongoing costs is incredibly sad because sooner or later the buffer will run out.
If Riksbanken intends to defend the Swedish krona at every attack with an policy rate increase, the Swedes' buffers will soon run out.
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