Riksbank

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An ATM in Sandviken, Sweden. Cash is disappearing in the country faster than anyone thought it would. Photograph: The New York Times

Few countries have been moving toward a cashless society as fast as Sweden. But cash is being squeezed out so quickly – with half the nation’s retaile(...)

The Riksbank also cut rates three times last year

Sweden’s central bank cut its benchmark repo rate by 15 basis points to -0.50 per cent on Thursday and said it had “a high level of preparedness” to (...)

Stockholm, Sweden. Swedish unemployment stopped falling soon after the rate hikes began. Deflation took a little longer, but it eventually arrived. The rock star of the recovery has turned itself into Japan.

Three years ago Sweden was regarded as a role model in how to deal with a global crisis. The nation’s exports were hit hard by slumping world t(...)