Published 7 August 2024 at 16.02
Economy. The Economic Institute's Director General Albin Kainelainen, who lives in a condominium in Stockholm worth SEK 13,280,000, is now calling on the Riksbank to go harder with interest rate cuts than previously flagged.
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– It is time for the Riksbank to increase the pace, says Albin Kainelainen at a press conference today.
Kainelainen wants the policy rate to be lowered to 3 percent at the end of 2024 and to 2.25 percent before next summer. In that case, it would be gratifying news especially for Stockholmers with expensive condominiums.
That means three more times this year and three more times before the summer of 2025.
– The combination of recession and increased security around low inflation means that it is reasonable to lower the interest rate somewhat faster, says Kainelainen.
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