Swedish inflation
The idea: Three cuts most likely scenario
The Riksbank's forecast at the latest interest rate announcement was another two or three cuts this year. In a speech at Länsförsäkringar on Tuesday, Erik Thedéen emphasizes that three reductions are the most likely, reports TT.
- It is more likely that we will make three reductions than two reductions.
At the time of the interest rate statement on 20 August, the Riksbank was at the same time clear that forecasts and monetary policy can change quickly if the macroeconomy gives new signals.
The idea: Three cuts most likely scenario
The Riksbank's forecast at the latest interest rate announcement was another two or three cuts this year. In a speech at Länsförsäkringar on Tuesday, Erik Thedéen emphasizes that three reductions are the most likely, reports TT.
- It is more likely that we will make three reductions than two reductions.
At the time of the interest rate statement on 20 August, the Riksbank was at the same time clear that forecasts and monetary policy can change quickly if the macroeconomy gives new signals.
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Swedish interest rates
Swedbank's customers are not allowed to negotiate - but at a discount
Swedbank and Handelsbanken are among the mortgage giants that have lowered interest rates since at least last fall, writes SvD.
A customer who noticed this recently turned to Swedbank to negotiate down his variable three-month interest rate. Then she got the answer that it didn't work, because the discount is set for twelve months. The anonymous customer thus has to wait until December to be able to negotiate down his mortgage interest.
Charlotte Nilsson, press officer at Swedbank, says that what the customer claims is true and that the discount period is to give security to the customer. But the policy differs from the other major banks Nordea, SEB and Handelsbanken where customers can negotiate a discount at any time.
Swedbank's customers are not allowed to negotiate - but at a discount
Swedbank and Handelsbanken are among the mortgage giants that have lowered interest rates since at least last fall, writes SvD.
A customer who noticed this recently turned to Swedbank to negotiate down his variable three-month interest rate. Then she got the answer that it didn't work, because the discount is set for twelve months. The anonymous customer thus has to wait until December to be able to negotiate down his mortgage interest.
Charlotte Nilsson, press officer at Swedbank, says that what the customer claims is true and that the discount period is to give security to the customer. But the policy differs from the other major banks Nordea, SEB and Handelsbanken where customers can negotiate a discount at any time.
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The crypto market
Expert predicts new rally in bitcoin during the worst month of the year
Since the peak in March, bitcoin has gone downhill, and August was no exception, notes CNBC. The cryptocurrency fell roughly 10 percent during the month, and Wolfe Research's analyst Rob Ginsberg fears that the slide will continue.
On Monday night, bitcoin is trading at around $58,500. According to Ginsberg, the cryptocurrency is likely to test a bottom around $50,000 "in the next few weeks."
- It doesn't look very bright in the crypto sky at the moment, he says according to CNBC.
Alex Thorn, head of analysis at the crypto manager Galaxy Digital, believes that bitcoin can make a comeback this fall – not least if Trump wins the election.
Just like the stock market, September is the historically worst month for bitcoin, writes CNBC.
Expert predicts new rally in bitcoin during the worst month of the year
Since the peak in March, bitcoin has gone downhill, and August was no exception, notes CNBC. The cryptocurrency fell roughly 10 percent during the month, and Wolfe Research's analyst Rob Ginsberg fears that the slide will continue.
On Monday night, bitcoin is trading at around $58,500. According to Ginsberg, the cryptocurrency is likely to test a bottom around $50,000 "in the next few weeks."
- It doesn't look very bright in the crypto sky at the moment, he says according to CNBC.
Alex Thorn, head of analysis at the crypto manager Galaxy Digital, believes that bitcoin can make a comeback this fall – not least if Trump wins the election.
Just like the stock market, September is the historically worst month for bitcoin, writes CNBC.
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