The Swedish krona continues to weaken against the US dollar. The Swedish central bank, Riksbanken, will make its next monetary policy statement on September 21 this year.
Since almost all citizens in Sweden are affected by a change in the key interest rate, we should be grateful that Riksbanken is on a summer leave.
The Federal Reserve raised its key interest rate 25 basis points earlier this week. Given that Riksbanken is reacting, not acting, I assume that Sweden will receive an equally large key interest rate increase in September.
During October 2023, a very large proportion of Sweden's fixed-rate mortgage holders will refinance their mortgages. It will be a very costly autumn and winter for many.
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