Swedes in Household Debt Binge Seen Provoking Policy Slap
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Three weeks after Sweden’s central bank delivered a surprise half-point rate cut, a fresh set of credit data showed that households are borrowing at the fastest pace in almost three years.
The Swedish Financial Supervisory Authority and the government “have concluded that the higher credit growth and the high household indebtedness is problematic,” Mats Hyden, an economist at Nordea Bank AB, said by phone. Last week’s credit report “increases the pressure on them to act.”