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Top related persons:
Erik Thedeen - 2 It's - 2 Riksbank - 2 Erik Thedéen - 2 Jonas Ekstromer - 1 Thedeen - 1 Moody's - 1 Maria Gillholm - 1
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Swedish Stockholm Sweden Europe Wayne Gaza China
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Thomson - 2 TT - 1 Agency - 1 Rights - 1 Moody's - 1 Nikkei - 1 Bank of Japan - 1 Ichi - 1

Search resuls for: "Erik Thedéen"


8 mentions found


☆ Swedish property firms should cut debt, raise equity, Riksbank chief says
  + stars: | 2023-12-01 | by ( ) www.reuters.com   time to read: +3 min
Commercial property companies ramped up borrowing when rates were low and some are now struggling to pay off or roll-over debt after eight interest rate hikes by the central bank. Thedeen said many companies in the commercial real estate sector needed to restructure their balance sheets. Even if rates have peaked, problems for the commercial real estate sector are not over. Short-dated debt and large refunding needs mean "the Swedish property sector has more risk" than in other European countries, Maria Gillholm, senior credit officer at Moody's, said. The commercial real estate sector triggered a financial crisis in Sweden in the early 1990s and authorities have said it is once again the biggest risk to financial stability.
Persons: Erik Thedeen, Jonas Ekstromer, Thedeen, It's, Riksbank, Moody's, Maria Gillholm, Simon Johnson, Terje Solsvik, Essi Lehto, Susan Fenton Organizations: TT, Agency, Rights, Moody's, Thomson Locations: Stockholm, Sweden, Swedish, Europe
☆ Morning Bid: Markets hold their nerve amid Mid East trouble
  + stars: | 2023-10-30 | by ( Wayne Cole | ) www.reuters.com   time to read: +3 min
Oct 30 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. Most talk is it will stay on hold this time, but will discuss laying the groundwork for an eventual shift. Any tweak would see Japanese yields rise and add to the pain being felt in the Treasury market, where 10-year yields nudged up to 4.87% on Monday with scant sign of any safe haven bid. Analysts at NatWest Markets expect $885 billion of marketable borrowing in Q4 and $700 billion in Q1. It is also notable that the borrowing kept climbing even though the economy surprised everyone with its strength.
Persons: Wayne Cole, It's, Eli Lilly, Luis de Guindos, Erik Thedéen, Muralikumar Organizations: Nikkei, Bank of Japan, Ichi, Insurance, Reuters, Treasury, NatWest Markets, Federal Reserve, Apple, Thomson Locations: Wayne, Gaza, China
☆ Riksbank governor: Fairly likely more rate hikes to come
  + stars: | 2023-10-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRiksbank governor: Fairly likely more rate hikes to comeErik Thedéen, Governor, Riksbank discusses the current macroeconomic environment and shares his reaction to spiking oil prices and Krone weakness.
Persons: Erik Thedéen, Riksbank
☆ Sweden’s krona hits new record low as central bank hikes and plays down currency intervention
  + stars: | 2023-06-29 | by ( Hannah Ward-Glenton | ) www.cnbc.com   time to read: +1 min
Sweden's currency briefly hit a record low Thursday morning after the central bank raised interest rates. Bloomberg | Bloomberg | Getty ImagesSweden's krona hit a new record low Thursday after the country's central bank raised rates and played down the possibility of market interventions as the currency falls and the economy slows. The Swedish currency dropped to 0.0844 krona to the euro by early afternoon Thursday, after the Riksbank announced it would raise interest rates by 25 basis points. One option available to the Swedish central bank is currency intervention, and it looked as though the Riksbank might have been leaning in that direction after it started to look at the possibility of hedging a portion of its foreign exchange reserves. But the Riksbank's Governor Erik Thedeen said this type of move was "not a covert currency intervention," speaking at a press conference Thursday according to a Reuters translation.
Persons: Erik Thedeen Organizations: Bloomberg, Getty, greenback, Reuters, ING Locations: Swedish
☆ Swedish central bank chief says more rate hikes likely due to stubborn inflation
  + stars: | 2023-03-26 | by ( ) www.reuters.com   time to read: +1 min
STOCKHOLM, March 26 (Reuters) - The Swedish central bank might have underestimated inflationary pressure and will likely have to stick to its forecasts of another interest rate hike in April, Riksbank Governor Erik Thedeen said on Sunday. The central bank has raised rates to 3% from 0% a year ago and has yet to curb 9.4% inflation, well above the 2% target. It hiked the benchmark rate by 50 basis points in February and has indicated another hike by 25 or 50 basis points in April. "It could be that the inflation process is worse than we thought," Erik Thedeen told SVT television. Swedish inflation soared in February.
☆ Analysis: Sweden faces recession as housing market troubles take toll on economy
  + stars: | 2023-03-15 | by ( Simon Johnson | ) www.reuters.com   time to read: +6 min
But in Sweden, the structural problems rooted in its housing market are magnifying the effects. Banking group Nordea (NDAFI.HE) expects household consumption to fall around 2% in 2023, while the National Board of Housing expects housing starts to fall around 50% in the coming year compared with 2021. "However, in the last few months, the interest rate has almost tripled making it almost unaffordable to survive," Logan said. Sweden's banks are among the most strongly capitalised in Europe - partly as a result of worries about the housing market. But Sweden's economy is likely to remain a hostage to imbalances in the housing market while its structural problems go unresolved.
☆ Morning Bid: Bar-duh
  + stars: | 2023-02-09 | by ( ) www.reuters.com   time to read: +3 min
And it was an own goal given the error was in a Twitter video put out by Google itself, ouch. Alphabet's shares sank almost 8%, wiping a cool $100 billion off its market cap, and dragging all of Wall Street down. "Monetary policy in Sweden is clearly more restrictive than in the Euro-area," they say. "If the ECB therefore ends up with a 3.25% terminal rate (our forecast), we think the Riksbank will not be able to follow suit and take the policy rate to 3.75%." Key developments that could influence markets on Thursday:- Riksbank rate decision and Feb monetary policy report due at 0830 GMT.
☆ Morning Bid: Mind the gap
  + stars: | 2023-01-31 | by ( ) www.reuters.com   time to read: +3 min
The IMF cited "surprisingly resilient" demand in the United States and Europe, easing of energy costs and the reopening of China's economy. Still, it would be wise for investors to be mindful of a gap between expectations and reality. Flash GDP numbers are due from the euro zone, along with growth data for France and Italy. The Bank of England is set to raise rates by 50 bps to 4.0%, respectively. Money market bets show that the U.S. Federal Reserve is set to raise its policy rate by 25 basis points to 4.50%-4.75% on Wednesday.
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