Bloomberg Sweden’s unemployment rate unexpectedly spiked to a four-year high in August, raising questions around the central bank’s plans to hike interest rates and driving the krona lower. The seasonally-adjusted jobless rate jumped to 7.4 percent, much worse than the 6.8 percent reading in a Bloomberg survey of economist estimates. The news, which resulted in a 0.8 percent decline in ...

Bloomberg Riksbank policy makers look intent on bringing an end to almost half a decade of negative interest rates, according to minutes from their most recent meeting. The central bank earlier this month delivered an upbeat assessment of the economy and signalled a plan to raise rates towards the end of the year or early next year. The move came ...

Bloomberg One of Europe’s most senior banking regulators is switching sides to represent the region’s biggest lenders on policy issues, drawing criticism from lawmakers and advocacy groups. Adam Farkas, currently the executive director of the European Banking Authority (EBA), will become the head of the Association for Financial Markets in Europe, the industry group said in a statement. The EBA ...