Ingves threat: Do something about your debt, or else … – Aftonbladet

Ingves threat: Do something about your debt, or else … – Aftonbladet

The Swedish economy is about to recover.

But the Governor Stefan Ingves is still worried about the high debt and threatening higher interest rate if no other measures are taken.

Sweden’s economy is on the mend after a few troubled years, according to Central Bank Governor Stefan Ingves.

Ingves notes that today’s low interest rates are a risk in the economy, but that it is necessary to achieve the inflation target of 2 percent fast enough, writes TT.

Debt worries

At the same time worried him over high household debt and argue that it must be handled of other policies.

– We do not want this to take end in tears, he said today when he appeared before the Parliamentary Finance Committee, writes TT.

The Governor still wants to see measures that make it harder or more expensive to borrow. And came with an implicit warning to the Riksbank’s repo rate will be higher if the politicians and the authorities do not take action.

– If nothing is done soon, one can not rule out rate hikes later, said Stefan Ingves.

Examples of measures do Ingves be amortization requirements and lower interest deduction.

Cheaper with bound

In the current situation, many banks restricted loans cheaper than the floating rates.

– Now the interest rates at low levels, has Tor Borg, chief economist at SBAB, previously told Aftonbladet.