During the past year, Riksbanken has raised the key interest rate from 0 to 3.5%. Several actors on the financial market warn that Riksbanken will make a double increase and raise the key interest rate by 50 points.
There are yet many borrowers who still have incredibly low interest rates on their mortgages. For many of them, their interest cost will have increased more than 4 times when the mortgage is renegotiated this autumn.
Personally, I believe in an increase of 50 points as the Swedish krona is still weak against both EUR and USD, despite Riksbanken's increases in the last 12 months. That is why Erik Thedéen, head of Sweden's central bank, wants to show his resolve and will double the key interest rate.
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