Sweden may borrow for 100 years

When Austria borrowed for 100 years at the beginning of the summer, it had to do so at the very low interest rate of 1.2 percent, ie on a loan that is almost as long as the country itself in its current form. Now, the Swedish National Debt Office, which manages Sweden's loans, wants to see if they can do the same.

- We plan to look at a so-called ultra-long loan, that you will bind the loan for as long as 100 years. Other countries have received exceptionally low interest rates, says the head of the Swedish National Debt Office, Hans Lindblad, to SVT News.

Extremely low interest rates thus provide a business situation to turn on for the country Sweden, because this is how the upside-down interest rate world looks in Europe:

Germany gets even 0.16 percent paid for borrowing in 30 years, the Netherlands gets 0.17 and Switzerland gets a full 0.6 percent for borrowing money in 30 years. But it is also important to place in this gang.

- Sweden has the highest credit rating, we are a stable democracy, we have a small and falling government debt. This is also the reason why we are one of the world's most sought after countries to lend money to, says Hans Lindblad.

If the government now borrows at even lower times, this means that future mortgages will also be able to be tied up for a longer period. Mortgage companies' interest rates are a reflection of what it costs the state to borrow with an addition to the increasing risk of lending to ordinary people.

- If there is a government borrowing that extends longer, you could imagine that there will be a positive side effect with long mortgage loans, Hans Lindblad reasons.