Swedes Are Getting Much Poorer

From economists to small business owners, Swedes are worried that their central bank’s policies are undermining their currency.

The krona has plunged more than 10 percent against the euro since the middle of last year, making imports considerably more expensive in an economy in which small businesses tend to rely more on buying goods from abroad than exporting. The currency’s slide follows the central bank’s decision to delay any exit from negative interest rates as policy makers argue they need more signs inflation will stick to a 2 percent target.