Sweden’s Riksbank Raise Rates by 75 bps to the Highest Level Since December 2008

Sweden’s Central Bank, Riksbank on Thursday hiked its benchmark rate by 75bps to 2.5 percent during its November meeting. The move followed the unprecedented 100 bps to 1.75 percent in September of 2022. Borrowing costs in Sweden are now at the highest level since December 2008, in an attempt to bring down inflation. CPIF inflation was 9.3 percent in October, well above the central bank’s target of 2 percent. Looking ahead, the policy rate is expected to be raised further … Continue reading “Sweden’s Riksbank Raise Rates by 75 bps to the Highest Level Since December 2008”

Sweden’s Riksbank Raise Rates by Unprecedented 100 bps

Sweden’s Central Bank, Riksbank on Tuesday hiked its benchmark rate by an unprecedented 100 bps to 1.75 percent in September of 2022. The bank was expected to raise the repo rate by 75 bps to 1.50% with upside risk to that magnitude. The 100 basis-point hike made Sweden only the second in the Group of 10 jurisdictions with the world’s most-traded currencies to make such a move this year, after the Bank of Canada in July. Riksbank was the first … Continue reading “Sweden’s Riksbank Raise Rates by Unprecedented 100 bps”

The World More Benevolent Since Covid, Nordic Countries Still the Happiest

Happiness is something that should never be underrated. Finland and Denmark ranked as the happiest and second-happiest lands, and the top eight were all in northern Europe. It is true one’s version of happiness is different to another, be it cultural or luck. With the drums of war beating loudly through Russia’s invasion of Ukraine and the Middle East with Iran, Syria and Yemen all vulnerable or in conflict. Afghanistan, Lebanon and Zimbabwe are the unhappiest, as war-torn and impoverished … Continue reading “The World More Benevolent Since Covid, Nordic Countries Still the Happiest”

The Lands of the Free -Scandinavia, Canada, Netherlands and Australia

The drums of war  are loud in the Middle East with Iran, Syria and Yemen  all vulnerable or in conflict. With the historic meeting between North Korea and the US to confirm the ending of nuclear weapons in the zone, what is Freedom and who are the most free?

Estonia and Sweden Prepare Residents For War With Russia

The Estonian and Swedish governments are both planning to publish a brochure to help prepare residents and households in the event of major crisis or a war. Both countries are critical to free passage for the Baltic Sea and historically have endured threats from Russia. Image NATO  Only last year Russian President Putin made claims to the Baltic states. Estonia Brig. Gen. Martin Herem in a recent interview with Estonian daily Postimees said the Ministry of the Interior is coordinating … Continue reading “Estonia and Sweden Prepare Residents For War With Russia”