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Central Bank Shell Game: What Sweden’s Negative Interest Rates Do to Consumers

Sunday, March 19, 2017 21:33
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(Before It's News)

wolfstreet.com / by Nick Kamran • Mar 19, 2017 

Sweden’s welfare state supposedly allows for success while providing a safety net for those unable to keep up with the market. In principle, it is an ideal, utopian-like state. However, Sweden’s touted economic success has come at the expense of its currency, the Krone (SEK), and long-term sustainability. Riksbank, the Swedish Central Bank, like its European contemporaries, has undertaken experimental policy, driving real and nominal interest rates below zero.

Not All Growth is Equal

Since 2014, Swedish deposit rates have been negative. Not only has overall negative real interest rate policy affected housing, but it also drove Swedish consumers deeper into debt. Embarking on the dual mandate policy may have staved off recession, but it created greater problems for the future.

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The post Central Bank Shell Game: What Sweden’s Negative Interest Rates Do to Consumers appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/03/19/central-bank-shell-game-what-swedens-negative-interest-rates-do-to-consumers/

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