Sweden exits negative rates & oil weakens Norway’s krone

Watch Video

Sweden exits negative rates & oil weakens Norway’s krone

By Erik Norland, Senior Economist, CME Group

Sweden’s Experiment with Negative Rates

  • Sweden takes the lead in exiting negative interest rates.
  • Sweden’s Q1 economic activity outperformed the Eurozone’s.
  • Swedish exports likely to fall amid sluggish Eurozone growth.
  • Krona has fallen 19% against euro, 34% vs. US dollar since 2012.
Read article

Norway’s Krone Tracks Commodity Exports

  • Norwegian krone weakens amid sliding oil output, lower prices.
  • Krone has fallen against euro, British pound, and Swedish krona.
  • Weaker krone could help cushion pandemic’s economic fallout.
  • Could Norway be heading toward a severe recession?
Read article