Swedish governor calls for comprehensive reforms to housing market
Higher house prices boost private debt, which now poses greatest financial risk, adds the governor
Ever-higher residential real estate prices in Sweden demand fiscal as well as housing reforms, said Sveriges Riksbank governor Stefan Ingves.
In a speech in Stockholm today (May 14), Ingves stressed household debt is the greatest risk to the Swedish economy. “Rising housing prices have led to an unsustainable increase in household debt,” said the governor. “However, the macro-prudential policy measures taken by Finansinspektionen appear to be finally having an impact with regard to dampening
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