Monday, August 31, 2009

Interest rates

Here's an interesting post from CNN International. Apparently, the Swedish central bank, the Riksbank, has reduced interest rates for saving accounts to negative 0.25%. Lending rates are also below 2%, all as a plan to increase liquidity in the Swedish economy.

With that kind of fiscal policy, it seems silly to move money from the US or the UK into Sweden. There might be a better way to finance those finishing touches on our little house...

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