The Central Bank of Sweden left its key repo rate unchanged at 0% during its July 2020 meeting and said the framework for the asset purchases made since the crisis began is being extended from SEK 300 billion to SEK 500 billion up to the end of June 2021. In September, the Riksbank will also begin purchasing corporate bonds. The Executive Board has further decided to cut interest rates and extend maturities on lending to banks. The Riksbank is prepared to continue to use the tools at its disposal to provide support to the economy and inflation. The repo rate can also be cut, if this is assessed to be an effective measure.

Interest Rate in Sweden averaged 2.95 percent from 1994 until 2020, 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 September of 2020. source: Sveriges Riksbank

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. Looking forward, we estimate Interest Rate in Sweden to stand at 0.00 in 12 months time. In the long-term, the Sweden Interest Rate is projected to trend around 0.00 percent in 2021, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Sweden Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.00 8.91 -0.50 1994 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-12-19 08:30 AM Riksbank Rate Decision 0% -0.25% 0% 0%
2020-02-12 08:30 AM Riksbank Rate Decision 0% 0% 0% 0%
2020-04-28 07:30 AM Riksbank Rate Decision 0% 0% 0% 0%
2020-07-01 07:30 AM Riksbank Rate Decision 0% 0% 0% 0%
2020-09-22 07:30 AM Monetary Policy Report
2020-09-22 07:30 AM Riksbank Rate Decision 0% 0%
2020-10-01 07:30 AM Monetary Policy Meeting Minutes
2020-11-11 08:30 AM Financial Stability Report
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Riksbank Expands Support Package
The Central Bank of Sweden left its key repo rate unchanged at 0% during its July 2020 meeting and said the framework for the asset purchases made since the crisis began is being extended from SEK 300 billion to SEK 500 billion up to the end of June 2021. In September, the Riksbank will also begin purchasing corporate bonds. The Executive Board has further decided to cut interest rates and extend maturities on lending to banks. The Riksbank is prepared to continue to use the tools at its disposal to provide support to the economy and inflation. The repo rate can also be cut, if this is assessed to be an effective measure.
2020-07-01
Sweden Keeps Rates at 0%
The Central Bank of Sweden left its key repo rate unchanged at 0% during its April 2020 meeting and said it will continue purchases of government and mortgage bonds up to the end of September of 2020. On March 16th the Swedbank pledged to buy securities worth SEK 300 billion this year, aiming to facilitate credit supply in the economy to help offset the impact of the coronavirus. Policymakers noted that at this time it was not justified to lower the repo rate as the economic downturn is due to imposed restrictions and people’s concerns about the spread of the COVID-19. However, the bank does not rule out the possibility of interest rate cut at a later date if this is deemed an effective measure to stimulate demand and support the development of inflation in the recovery phase.
2020-04-28
Riksbank Expands Support Package
Sweden's central bank announced it would buy securities for up to an additional SEK 300 billion this year following an extraordinary monetary policy meeting on March 16th, to facilitate credit supply and mitigate the negative effects of the Covid-19 on economic activity. The Riksbank also said it is offering increased loans to banks, and pledged to take further measures and to supply necessary liquidity if needed, even between the ordinary monetary policy meetings. Last week, policymakers had already said the bank would lend up to SEK 500 billion to local firms via the banks to help them to meet the financial challenges resulting from the coronavirus. The Sveriges Riksbank last hike interest rates to 0.0 percent last November, ending five years of negative interest rates.
2020-03-16
Riksbank Draws Up Loan Package for Companies
Sweden's central bank announced it would lend up to SEK 500 billion to local firms via the banks following an extraordinary monetary policy meeting on March 12th, to help them to meet the financial challenges resulting from the coronavirus. Policymakers said it is essential that the credit supply to companies, particularly small and medium-sized enterprises, continues to function efficiently as the virus will undoubtedly have clearly negative effects on economic activity, although it is too early to say how large the consequences will be and how long they will last. The bank also said it is ready and prepared to take further measures and to supply necessary liquidity, even between the ordinary monetary policy meetings. The Sveriges Riksbank last hike interest rates to 0.0 percent last November, ending five years of negative interest rates.
2020-03-13

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.