Sweden’s central bank predicts a CBDC in five years Business
The governor of Sweden’s central bank has issued a five-year time frame within which he expects the country to have a central bank digital currency (CBDC). This is the first time the regulator has given a tentative timeline as it seeks to introduce a CBDC into one of the world’s most advanced digital payment systems.
Stefan Ingves revealed the timeline to local outlets recently, stating that five years is a reasonable target. As Bloomberg reports, Ingves believes that this speed for the e-krona studies and experimentation is a success for Sweden. “We’ll only know in hindsight whether it was quick or slow,” the governor however acknowledged.
Swedish Real Estate Hotter Then Ever as ‘Hysteria’ Hits
Bloomberg 3/5/2021 Charles Daly, Ott Ummelas and Love Liman
(Bloomberg) Swedish house prices soared to the highest level ever recorded, as a growing number of people make use of unprecedented central bank stimulus to upgrade into bigger homes.
“From a credit perspective, one can only conclude that the market has been gripped by hysteria, which is connected to central banks pumping money into the system,” said Carl Johan Lagercrantz, a portfolio manager at Strand Kapitalforvaltning AB in Stockholm.
Houses cost 15% more in February, on average, than a year earlier, while apartments were up 6%, according to data published on Friday by Svensk Maklarstatistik. Both gauges are now at record highs.
Sweden Housing Market Hotter Then Ever as Hysteria Fans Prices msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.