"Sweden’s Central Bank Cuts Key Rate to Record 0.25%
Sweden’s Riksbank unexpectedly cut the benchmark interest rate to a record low 0.25 percent, predicting the rate will hold at that level until autumn next year, and said it will offer a financial package to banks." - July 2 - Bloomberg
In Finland, last inflation reading was 0% in May, amid strong downward pressure on almost all prices (ranging from food price, real estate, rents, car to various type of services).
If it is not deflation, it feels like it.
Arguably in 2004-2006, European interest rates were to low for Finland and resulted in a massive credit expansion - a double digits figure that fueled almost all asset prices.
Nethertheless, congratulation Sweden...devaluating your currency has allowed you to become competitive against Finnish companies...that is the price to pay for Finland to have adopted the Euro.