The Sveriges Riksbank left its repo rate at 0.0 percent during its September meeting as widely expected, saying monetary policy needs to remain expansionary for inflation to be lastingly close to the target going forward. Policymakers noted the Swedish economy has recovered quickly and inflation is expected to become temporarily higher than 2 percent in the coming year, before falling back again. The central bank will also continue to purchase securities during the fourth quarter, in line with the earlier decisions. The repo rate is expected to remain unchanged until at least the third quarter of 2024, while the holdings of securities will be more or less unchanged during 2022. source: Sveriges Riksbank

Interest Rate in Sweden averaged 2.84 percent from 1994 until 2021, reaching an all time high of 8.91 percent in July of 1995 and a record low of -0.50 percent in February of 2016. This page provides the latest reported value for - Sweden Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sweden Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Interest Rate in Sweden is expected to be 0.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Interest Rate is projected to trend around 0.00 percent in 2022, according to our econometric models.

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Sweden Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-02-10 08:30 AM Riksbank Rate Decision 0% 0% 0% 0%
2021-04-27 07:30 AM Riksbank Rate Decision 0% 0% 0% 0%
2021-07-01 07:30 AM Riksbank Rate Decision 0% 0% 0% 0%
2021-09-21 07:30 AM Riksbank Rate Decision 0% 0% 0% 0%
2021-11-25 08:30 AM Monetary Policy Report
2021-11-25 08:30 AM Riksbank Rate Decision 0% 0%
2021-12-06 08:30 AM Monetary Policy Meeting Minutes


News Stream
Riksbank Holds Policy Rate at 0% as Expected
The Sveriges Riksbank left its repo rate at 0.0 percent during its September meeting as widely expected, saying monetary policy needs to remain expansionary for inflation to be lastingly close to the target going forward. Policymakers noted the Swedish economy has recovered quickly and inflation is expected to become temporarily higher than 2 percent in the coming year, before falling back again. The central bank will also continue to purchase securities during the fourth quarter, in line with the earlier decisions. The repo rate is expected to remain unchanged until at least the third quarter of 2024, while the holdings of securities will be more or less unchanged during 2022.
2021-09-21
Sweden Leaves Rates, QE Steady
The Riksbank left its key repo rate unchanged at 0% on July 1st 2021, in line with expectations. The central bank will also continue purchasing assets within the envelope of SEK 700 billion which will be fully utilised up until the end of 2021. Policymakers noted the spread coronavirus has declined and the economic outlook is brighter. However the pandemic is not yet over, and inflationary pressures are expected to rise in the coming years, when economic activity becomes increasingly strong. Still, the central bank may cut the repo rate or in some other way make monetary policy more expansionary if inflation prospects weaken.
2021-07-01
Sweden Leaves Monetary Policy Unchanged
The Riksbank left its key repo rate unchanged at 0% during its April 2021 meeting, in line with expectations and will continue to purchase assets within the envelope of SEK 700 billion. Policymakers said growth is expected to gear up both in Sweden and abroad but there is still considerable uncertainty and the speed of the recovery varies substantially between different sectors and countries while cost pressures are expected to rise relatively slowly in the country
2021-04-27
Riksbank Leaves Monetary Policy Unchanged
Sweden's central bank held its benchmark interest rate at 0.0 percent during its February meeting and said and it is expected to remain at this level in the years to come. The Riksbank is continuing to purchase assets within the envelope of SEK 700 billion and to offer liquidity within all the programmes launched in 2020. The Executive Board’s current assessment is that the envelope for asset purchases will be fully utilized by the end of 2021 and that the size of the holdings will be maintained on this level at least during 2022. Policymakers noted that it will take until 2023 before inflation is close to the target of 2 percent more permanently due to the Covid-19 crisis.
2021-02-10

Sweden Last Unit Reference Previous Highest Lowest
Interest Rate 0.00 percent Sep/21 0.00 8.91 -0.50
Money Supply M0 60866.00 SEK Million Aug/21 61801.00 100763.00 53430.00
Money Supply M3 4648801.00 SEK Million Aug/21 4636534.00 4648801.00 987445.00
Banks Balance Sheet 12179284.00 SEK Million Aug/21 11562719.00 13664616.00 1784742.00
Foreign Exchange Reserves 550884.00 SEK Million Aug/21 493032.00 573065.00 34098.00
Loans to Private Sector 1481147.00 SEK Million Aug/21 1467028.00 1533206.00 344995.00
Deposit Interest Rate -0.10 percent Sep/21 -0.10 8.00 -1.25
Lending Rate 0.10 percent Sep/21 0.10 9.50 0.10
Central Bank Balance Sheet 1474091.00 SEK Million Aug/21 1399612.00 1474091.00 28957.00
Money Supply M2 4525957.00 SEK Million Aug/21 4517677.00 4539396.00 840564.00
Money Supply M1 4202481.00 SEK Million Aug/21 4192699.00 4221979.00 627592.00


Sweden Interest Rate
In Sweden, benchmark interest rate is set by the Executive Board of the Central Bank of Sweden (The Riksbank). The main interest rate is the repo rate which is the rate of interest at which banks can borrow or deposit funds at the Riksbank for a period of seven days. The Riksbank's target is to hold inflation in terms of the CPIF (the CPI with a fixed interest rate) around 2 percent a year.