The Riksbank left its policy rate unchanged at 1.75% in line with market expectations, but signalled that rates are likely to rise further as economic activity strengthens while supply shocks persist. The Riksbank said it would accelerate tightening if inflation rises more persistently. If the outlook remains unchanged, rate increases are expected to begin this year. Swedish inflation in August was broadly in line with the Riksbank’s June forecast, although the headline rate remains low partly because of temporary fiscal measures. Underlying inflation is relatively close to 2%, while indicators suggest price pressures remain above normal and could increase in the near term. GDP growth exceeded expectations in Q2, although some of the strength was temporary, while the broader recovery and economic sentiment have improved. Risks to inflation remain elevated, with higher oil, electricity and fuel prices, a weaker krona and continued Middle East conflict intensifying price pressures. source: Sveriges Riksbank

The benchmark interest rate in Sweden was last recorded at 1.75 percent. Interest Rate in Sweden averaged 2.77 percent from 1994 until 2026, 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 2026.

The benchmark interest rate in Sweden was last recorded at 1.75 percent. Interest Rate in Sweden is expected to be 1.75 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 2.25 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-17 07:30 AM Riksbank Rate Decision 1.75% 1.75% 1.75% 1.75%
2026-08-20 07:30 AM Riksbank Rate Decision 1.75% 1.75% 1.75% 1.75%
2026-09-24 07:30 AM Riksbank Rate Decision 1.75% 1.75% 1.75% 1.75%
2026-11-04 08:30 AM Riksbank Rate Decision 1.75% 2%
2026-11-26 08:30 AM Financial Stability Report
2026-12-16 08:30 AM Riksbank Rate Decision


Related Last Previous Unit Reference
Banks Balance Sheet 8649672.00 8533548.00 SEK Million Aug 2026
Central Bank Balance Sheet 880853.00 879157.00 SEK Million Aug 2026
Deposit Interest Rate 1.65 1.65 percent Sep 2026
Foreign Exchange Reserves 722124.00 720823.00 SEK Million Aug 2026
Riksbank Rate 1.75 1.75 percent Sep 2026
Lending Rate 1.85 1.85 percent Sep 2026
Loans to Private Sector 1794823.00 1780729.00 SEK Million Aug 2026
Money Supply M0 55680.00 55586.00 SEK Million Aug 2026
Money Supply M1 4162753.00 4182860.00 SEK Million Aug 2026
Money Supply M2 5129814.00 5140827.00 SEK Million Aug 2026
Money Supply M3 5184700.00 5192063.00 SEK Million Aug 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
1.75 1.75 8.91 -0.50 1994 - 2026 percent Daily

News Stream
Riksbank Holds Rate, Signals More Hikes Ahead
The Riksbank left its policy rate unchanged at 1.75% in line with market expectations, but signalled that rates are likely to rise further as economic activity strengthens while supply shocks persist. The Riksbank said it would accelerate tightening if inflation rises more persistently. If the outlook remains unchanged, rate increases are expected to begin this year. Swedish inflation in August was broadly in line with the Riksbank’s June forecast, although the headline rate remains low partly because of temporary fiscal measures. Underlying inflation is relatively close to 2%, while indicators suggest price pressures remain above normal and could increase in the near term. GDP growth exceeded expectations in Q2, although some of the strength was temporary, while the broader recovery and economic sentiment have improved. Risks to inflation remain elevated, with higher oil, electricity and fuel prices, a weaker krona and continued Middle East conflict intensifying price pressures.
2026-09-24
Riksbank Holds Rate, Possible Hike Later This Year
The Riksbank left its policy rate unchanged at 1.75% in August, judging that the overall economic outlook remains broadly stable despite recent surprises in growth and inflation. Both measures have been stronger than anticipated in June, while the summer’s inflation readings have raised concerns that supply disruptions linked to the Middle East conflict could generate more persistent price pressures. However, underlying inflation excluding energy and temporary fiscal effects remains close to 2%, while subdued corporate pricing plans and easing global supply-chain disruptions suggest that inflationary pressures are not yet entrenched. The central bank therefore considers the current policy stance appropriate but maintains the possibility of a rate increase later this year. It warned that a sustained acceleration in underlying inflation would prompt tighter policy.
2026-08-20
Riksbank Holds Rate, Flags Possible Hike
Sweden’s central bank held its policy rate at 1.75% in June 2026 but raised the likelihood of a hike later this year, citing growing inflation risks. While inflation remains subdued, largely due to the dampening effects of fiscal policy measures, and economic activity is weak, policymakers highlighted that prolonged supply disruptions from the Middle East conflict have heightened inflationary pressures and could amplify price effects if they persist. The Riksbank’s outlook assumes oil supply will normalize soon, with prices expected to fall, limiting the pass-through to import and consumer prices. However, uncertainty remains significant. The bank revised its 2026 inflation forecast down to 0.6% (from 0.8% in March) but increased projections for 2027 to 2.7% (from 2.0%). Inflation expectations for 2028 were little-changed at 3.4%.
2026-06-17