Sweden

Swedish seigniorage hits five-year high

The Riksbank has offered to pay SEK5.9 billion ($737m) of its profits to the national treasury for the financial year 2008, Sweden's central bank said on Monday.

Riksbank's Oberg on wage bargaining

The sector of the economy that is exposed to international competition should also set the norm for wage increases in Sweden, said Svante Oberg, a deputy governor of the Riksbank.

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