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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Sweden's Riksbank has warned that relaxing mortgage amortization requirements could heighten stability risks, countering a proposal aimed at aiding first-time homebuyers. This caution follows a government inquiry's recommendation to allow households to reduce payments on mortgages exceeding 70% of their home's value, a shift from macroprudential rules established post-global financial crisis to address rising house prices and increasing debt.
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10:48 14.11.2024
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