Riksbank Can’t Fight Debt of Swedish Households, DI Reports

Sweden’s central bank doesn’t have the mandate to impose measures called for by the country’s finance minister to combat increasing household debt, said Lars Nyberg, the Riksbank’s deputy governor, according to an interview in Dagens Industri.

Neither the Riksbank nor the Swedish Financial Supervisory Authority has the power to impose amortization requirements for mortgage loans at the country’s banks as Finance Minister Anders Borg has suggested they should, Nyberg said, according to the Stockholm-based newspaper.

To contact the reporter on this story: Christian Wienberg in Copenhagen at cwienberg@bloomberg.net

To contact the editor responsible for this story: Tim Quinson at tquinson@bloomberg.net

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