Swedish amortisation requirements, mortgage caps gave resilience, Riksbank chief says

STOCKHOLM (Reuters) - Amortisation requirements and owe caps successful Sweden person safeguarded household resilience and served the system well, Riksbank Governor Erik Thedeen said successful a connection connected Tuesday.

"The precocious level of debt, unneurotic with abbreviated periods for fixing involvement rates, has made the Swedish system much vulnerable," helium said up of a proceeding of the Financial Stability Council successful parliament's concern committee.

"However, the operation of amortisation requirements, owe caps and banks' recognition assessments has meant that households and the Swedish system were amended equipped to grip the accelerated emergence successful ostentation and involvement rates."

A government-appointed committee recommended successful November that Sweden easiness rules connected owe borrowing and repayment which person made it harder for caller buyers to get into the lodging market.

Financial Markets Minister Niklas Wykman said astatine the clip that the authorities would determine successful the archetypal fractional of 2025 connected however to set owe rules.