SWEDBANK EXPECTED TO HAVE MADE 10 BILLION SEK IN OPERATING PROFIT
The Swedish bank Swedbank Sverige is expected to have made 10 billion SEK in operating profit when presenting their report for Q4 2023 this wednesday. This would be an increase of about 2 billion SEK when compared with last year. The report for Q4 2023 will be released 07:00 CET with a following phone conference at 09:00 CET.
SWEDISH PARTIES CALLING FOR GOVERNMENT LOANS
Several political parties in Sweden are calling for the government to end its surplus target policy, a policy widely supported by most parties in Sweden since the 1990s, and instead start borrowing billions for investments. The Christian Democrats, who have traditionally supported the surplus target policy, has called for annual loans of 50 billion SEK. The low national debt and the growing need for investments in the military, infrastructure and energy production being the reason for more parties supporting public borrowing.
SWEDISH INFLATION RATE KEEPS DECREASING
The Swedish inflation rate dropped to from 3,6 percent to 2,3 percent in December last year according to the Central Bank’s KPIF measurement, rates that are only expected to go down further in the coming months. According to Alexander Norén, chief economic analyst at the public broadcaster SVT, the decrease in Swedish energy prices and the decreased inflation rates globally are the main reasons for this trend.