After a long period of extremely low interest rates, there has been a rapid transition in the economy, with rampant inflation forcing central banks around the world into several rapid interest rate hikes.

The rapidly rising interest rates are one of the reasons why two US banks have recently failed, as the bonds in which the banks have invested have quickly lost value.

"Pressed hard"

Finansinspektionen believes that Swedish banks are stable and they currently see no risk of collapse in Sweden. But FI's chief economist Henric Braconier warns at the same time that the rapidly rising interest rates could create other problems.

"Much of the interest rate risk in Sweden lies in the commercial real estate sector and partly also in the household sector. They are quite affected when central banks raise interest rates and banks raise lending rates for businesses and households. Then they are pushed hard, he says, and continues:

"That's where we see the most obvious challenges here and now. But we have to be open to the fact that things can happen in other places as well.