Sweden's Nyberg on house price developments

In the speech 'House price developments and monetary policy' given on 19 December, Lars Nyberg of the Sveriges Riksbank warned of the possibility of falling house prices in the country.

"My assessment is that house prices and household debt could very well have reached levels where there is a risk of a negative spiral with falling house prices and weak demand as part of a gradual economic downturn," he said in the speech.

"Even if it would not, as I have said before, be due to a correction in an

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