The trade organization Swedish Commerce warns that an "all too passive interest rate reduction pace" can hit trade hard.
"We had hoped that the Swedish Central Bank would announce a double reduction this morning. Trade is an industry that has had it tough for a longer period, and we now see how layoffs and bankruptcies increase", says chief economist Maria Mikkonen in a comment and continues:
"It is unjustified to continue pressing households and companies with too high a steering rate".
The chief economist of the Construction Companies, Fredrik Isaksson, had also wanted to see a reduction of 0.50 percentage points.
"For residential construction, faster interest rate reductions than what is now signaled would be desirable", he says in a comment.
According to Isaksson, many households will still feel a relief in their economy towards the spring.
"Thus, the construction of new homes should be able to crawl upwards from the bottom level we seem to have passed".
Even the trade union Saco's chief economist Håkan Regnér had wanted to see more from the Swedish Central Bank.
"A larger reduction would have been better for the economy and for households' pressed budgets", he says.
Regnér warns that the low-conjuncture may otherwise become entrenched and unemployment continue to rise.
"Too late action and too small a reduction of the interest rate can lead to deepened troubles", he says.
