Riksbank: Will go back a few years when interest rates rise – Swedbank CEO – Dagens Industri

Riksbank: Will go back a few years when interest rates rise – Swedbank CEO

                  2015-06-30 17:12
             

 STOCKHOLM (SIX), the Riksbank will in a few years when interest rates rise  to go back on the bonds authority is now buying at low  interest rates and thus at high prices, predicts Swedbank CEO Michael  Wolf.       At some point, interest rates will go up, which means sinking  bond prices, and when the Riksbank will make losses and  need to get the deficit covered, according to Michael Wolf.       "The response we have in a few years", says Swedbank manager is critical  to the very expansionary monetary policy that the Riksbank among  another negative repo. He says that doping export companies and  sends the signal that they do not need to try especially hard.       It emerged at a seminar on less interest organized by  Affärsvärlden and Deloitte during Almedalsveckan.       Several of the panelists were skeptical that the Riksbank sounds  the repo rate lie in negative territory.       Rikard Josefsson, President of Länsförsäkringar  Bank, fears that cheap  Money means that people take a risk and that a bubble is being built  somewhere in the economic system.       Gunther Marder, president of the association Entrepreneurs, believes  that the money does not arrive to small businesses. The increased capital requirements  on the banks hit harder than the possibility of negative interest rate offers,  he argues.       Agnetha Jönsson, chief editor of the newspaper Aktiespararen, consider  that although it is good that the crown thanks to the expansive  monetary policy has strengthened against the euro, something that is good for  export companies. But companies have not had much lower  interest, she says, adding that negative interest rates also inhibits  willingness to invest by signaling uncertainty.       "Therefore, I think it was pretty pointless to go down so  far, "she says.       The Riksbank's repo rate is currently at 0.25 percent. They  Most analysts believe that it is  left unchanged there at the  monetary policy announcement later this week, according to SIX News  analyst survey.      Johan Lind, Tel: +46 8586164 48  mailto: johan.lind@six-group.se  www.blogg.six.seSIXNews  SIX News