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The Riksbank's company interviews: Cutbacks in a weaker economic climate

2/8/2012 3:30 AM EST  -   Sveriges Riksbank
The company interviews conducted by the Riksbank in January 2012 show that following a wait-and-see phase during the autumn, the companies are now noting something of a downturn in their operations. Demand weakened towards the end of last year, above all in the manufacturing industry, and the companies began to cut back their production levels and the number of jobs. The economic climate is expected to deteriorate...

Economic Tendency Survey: Industry and the service sector made a negative contri...

1/26/2012 3:15 AM EST  -   Konjunkturinstitutet
The Economic Tendency Indicator fell by a further 1.5 points in January this year and has now declined by a total of almost 24 points since its peak in February 2011. It is well below the historical average and indicates that growth in the Swedish economy is at present significantly weaker than normal. In the total business sector, this month it is the manufacturing sector and the private service sector that make a...

Marianne Nessén new Head of Monetary Policy Department

1/19/2012 9:00 AM EST  -   Sveriges Riksbank
The Executive Board of the Riksbank has appointed Marianne Nessén as new Head of the Monetary Policy Department. She will take up her new post on 20 January 2012.
On 2 December 2011, Marianne Nessén was appointed acting head of the Monetary Policy Department in connection with the head of the department, Per Jansson, being appointed as member of the Executive Board of the Riksbank.

Marianne Nessén has been...

Minutes of the Executive Board’s monetary policy meeting on 19 December 2011

1/3/2012 3:30 AM EST  -   Sveriges Riksbank
At the monetary policy meeting on 19 December, the Executive Board of the Riksbank decided to cut the repo rate by 0.25 percentage points to 1.75 per cent and to lower the repo-rate path.
The decision was made against the background of the monetary policy discussion. This discussion concluded that there is still great uncertainty regarding the public-finance problems in, above all, the euro area. Although the...

Anders Vredin new head of General Secretariat

12/21/2011 9:30 AM EST  -   Sveriges Riksbank
The Executive Board of the Riksbank has appointed Anders Vredin the new head of the Riksbank’s General Secretariat. He succeeds Kai Barvèll, who wishes to leave his post as he will be 65 years old next year.
”The Executive Board knows Anders Vredin as a very capable economist and an excellent manager. With his background and broad knowledge of the Riksbank’s various activities, we look forward to working with...

Unemployment Rising and Becoming Entrenched

12/21/2011 3:15 AM EST  -   Konjunkturinstitutet
Through increased uncertainty and weak exports, Sweden is being negatively affected by the government debt crisis in Europe. The year 2012 will thus be one of lacklustre growth. Absence of progress toward solutions for the crisis-ridden countries of the euro area is unnecessarily delaying recovery. There will be lasting negative effects on the Swedish economy as well, partly from many years of high unemployment....

Economic Tendency Indicator shows increasingly weak growth

12/21/2011 3:00 AM EST  -   Konjunkturinstitutet
The Economic Tendency Indicator fell just over 1.5 points in December and has now declined a total of over 22 points since its peak in February 2011. It is considerably below the historic average, indicating weaker than normal growth in the Swedish economy at present. This month the construction industry and the private service sector made a negative contribution to the Economic Tendency Indicator. The indicator for...

Repo rate cut to 1.75 per cent

12/20/2011 3:30 AM EST  -   Sveriges Riksbank
The economic outlook abroad has deteriorated and the Swedish economy is slowing down. At the same time, inflationary pressures are low. The Executive Board of the Riksbank has therefore decided to cut the repo rate by 0.25 percentage points to 1.75 per cent and to lower the repo-rate path.
Swedish economy slowing down

There is still considerable uncertainty regarding the public-finance problems in, above all,...

Stefan Gardefjord to lead SSC as new CEO

12/19/2011 3:30 AM EST  -   SSC
Stefan Gardefjord has been appointed as the new CEO of SSC by the Board of Directors. He succeeds Lars Persson who is moving on after serving five years as CEO. At fifty-three years of age, Stefan Gardefjord comes to SSC from Logica where he currently serves as CEO of Logica Sweden and a member of the Group Executive Committee. Since 1987, Stefan Gardefjord has been active in WM-data which was acquired by Logica in...

Acting Head of the Monetary Policy Department

12/2/2011 9:50 AM EST  -   Sveriges Riksbank
The Executive Board of the Riksbank has decided to appoint Marianne Nessén as Acting Head of the Monetary Policy Department to succeed Per Jansson, who has been appointed as a new member of the Executive Board of the Riksbank. 

Marianne Nessén is currently Deputy Head of the Monetary Policy Department and will from and including today, 2 December 2011, act as the Head of the Department and be responsible for the...