Sweden Interest Rate  1994-2017 | Data | Chart | Calendar | Forecast

The central bank of Sweden held its key repo rate steady at -0.5 percent on October 26th, 2017, in line with market expectations. Policymakers said economic activity is strong and inflation is close to the target although monetary policy needs to remain expansionary for inflation to continue to be close to 2 percent. The central bank added that it does not expect to raise the repo rate until the middle of 2018 and that purchases of government bonds will continue during the second half of 2017, as decided in April. Interest Rate in Sweden averaged 3.24 percent from 1994 until 2017, 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.

Sweden Interest Rate
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Sweden Leaves Monetary Policy Unchanged


The central bank of Sweden held its key repo rate steady at -0.5 percent on October 26th, 2017, in line with market expectations. Policymakers said economic activity is strong and inflation is close to the target although monetary policy needs to remain expansionary for inflation to continue to be close to 2 percent. The central bank added that it does not expect to raise the repo rate until the middle of 2018 and that purchases of government bonds will continue during the second half of 2017, as decided in April.

Excerpts from the Statement by the Executive Board of the Riksbank:

Economic activity is strong and inflation is close to the target of 2 percent. Monetary policy needs to remain expansionary for inflation to continue to be close to 2 percent. The Executive Board of the Riksbank has therefore decided to hold the repo rate unchanged at −0.50 per cent and is expecting, as before, not to raise it until the middle of 2018. The purchases of government bonds will continue during the second half of 2017, as decided by the Executive Board in April. As the present asset purchase programme will run for the remainder of the year, it will provide an opportunity to await further information that could affect a decision in December to possibly extend the purchases. The Executive Board has also taken a decision to extend the mandate that facilitates a quick intervention on the foreign exchange market.

Developments since September have been in line with the Riksbank's forecasts both abroad and in Sweden. The international recovery is continuing, but global inflationary pressures are subdued and the level of interest rates is low. The normalisation of monetary policy abroad is expected to take time.

The Riksbank's monetary policy has contributed to economic activity in Sweden being strong. The employment rate is historically high. Inflation has risen and was 2.3 per cent in September. Above all, prices for services have increased rapidly, which reflects the way in which the strong economic activity is having a greater impact on the rate of price increases.

Riksbank | Joana Taborda | joana.taborda@tradingeconomics.com
10/26/2017 7:55:46 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-04 07:30 AM Riksbank Rate Decision -0.5% -0.5% -0.5% -0.5%
2017-09-07 07:30 AM Riksbank Rate Decision -0.5% -0.5% -0.5% -0.5%
2017-10-26 07:30 AM Riksbank Rate Decision -0.50% -0.5% -0.5% -0.5%
2017-11-22 08:30 AM Financial Stability Report 2017
2017-12-20 08:30 AM Riksbank Rate Decision -0.50%


Sweden Money Last Previous Highest Lowest Unit
Interest Rate -0.50 -0.50 8.91 -0.50 percent [+]
Interbank Rate -0.63 -0.62 13.13 -0.63 percent [+]
Money Supply M0 54112.00 54447.00 100763.00 54112.00 SEK Million [+]
Money Supply M3 3254401.00 3211918.00 3254401.00 987445.00 SEK Million [+]
Banks Balance Sheet 12971571.00 13169734.00 13341925.00 1784742.00 SEK Million [+]
Foreign Exchange Reserves 500093.00 501674.00 547140.00 34098.00 SEK Million [+]
Loans to Private Sector 1326449.00 1350726.00 1351919.00 344995.00 SEK Million [+]
Deposit Interest Rate -1.25 -1.25 8.00 -1.25 percent [+]
Lending Rate 0.25 0.25 9.50 0.25 percent [+]
Loan Growth 7.10 7.10 13.12 2.04 percent [+]
Money Supply M1 2674602.00 2650991.00 2674602.00 627592.00 SEK Million [+]
Money Supply M2 3119085.00 3083488.00 3119085.00 840564.00 SEK Million [+]
Private Debt to GDP 263.47 268.81 274.89 186.73 percent [+]
Central Bank Balance Sheet 850889.00 843937.00 889191.00 28957.00 SEK Million [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 -0.50 8.91 -0.50 1994 - 2017 percent Daily




interest rate by Country
Country Last
Russia 8.25 Oct/17
Turkey 8.00 Oct/17
Brazil 7.50 Oct/17
Mexico 7.00 Nov/17
India 6.00 Oct/17
China 4.35 Oct/17
Indonesia 4.25 Nov/17
Australia 1.50 Nov/17
South Korea 1.25 Oct/17
United States 1.25 Nov/17
Canada 1.00 Oct/17
United Kingdom 0.50 Nov/17
Euro Area 0.00 Oct/17
France 0.00 Oct/17
Germany 0.00 Oct/17
Italy 0.00 Oct/17
Netherlands 0.00 Oct/17
Spain 0.00 Oct/17
Japan -0.10 Oct/17
Switzerland -0.75 Oct/17