RPT-Swedish cbank says urgent need for measures to cool housing market

June 1, 2016 7:42 AM

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STOCKHOLM, June 1 Measures to counteract a dangerous buildup of household debt are urgently needed, the Riksbank said in its twice-annual stability report on Wednesday.

"Historically, sharp falls in asset prices combined with extensive private indebtedness have contributed to deep and long-term recessions", Riksbank Governor Stefan Ingves said in a statement.

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