The Swedish central bank´s rate - Repo rate, remains on 1 %, to the surprise of the public who was expecting a further reduction. As a result the Krona appreciated and journalists are warning for rising mortgage rates. The general public in Sweden have gotten far too accustomed to the low interest rate and keep borrowing. It seems that the population between the ages 19-45 are completely uneducated regarding the crisis in the 90s and to me it seems they belive that the interest rate will stay put at these low levels forever. It does not seem to strike them that the interest is close to 0 % and that 0% is the end station. Hence....we can only go up from here.....
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