The Sveriges Riksbank hiked its benchmark rate to 0.25 percent during on April 28, contrary to expectations of an unchanged rate, and signaled further hikes for this year. The Executive Board also decided to immediately cease purchasing treasury bills and reduce the pace of asset purchases on the second half of the year. The decisions mark a sharp turn from the bank’s guidance from its previous meeting, made to counteract surging inflation and prevent higher prices from becoming entrenched in price and wage-setting. The board cited increased uncertainty in the global economy with regarding the war in Ukraine and the return of strict lockdowns in China. Annual inflation increased to 6 percent in March, above expectations and the highest rate in over three decades. With tighter monetary policy, the Riksbank expects inflation to fall in 2023 and be close to 2 percent in 2024. source: Sveriges Riksbank
Interest Rate in Sweden averaged 2.80 percent from 1994 until 2022, 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 May of 2022.
Interest Rate in Sweden is expected to be 0.25 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 0.25 percent in 2023 and 0.50 percent in 2024, according to our econometric models.