The Swedish Riksbank kept its key policy rate unchanged at 1.75% for a fifth consecutive meeting in May 2026, in line with expectations, saying the current policy rate provides a solid starting point for adjusting monetary policy if needed to safeguard the inflation target. Policymakers noted that the risk of the war in the Middle East leading to higher inflation has increased somewhat. However, inflation currently remains below target, and recent data have come in significantly weaker than the Riksbank’s March forecast. At the same time, economic activity remains subdued. As a result, there is room to wait for a clearer assessment of the impact of the conflict and the supply shocks associated with it. The central bank stressed that uncertainty remains high and that developments warrant close monitoring. It also warned that if the war were to have major effects on the global economy and trigger a broad and persistent rise in inflation, it could be forced to raise the policy rate. source: Sveriges Riksbank

The benchmark interest rate in Sweden was last recorded at 1.75 percent. Interest Rate in Sweden averaged 2.78 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 May 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 2.50 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-29 08:30 AM Riksbank Rate Decision 1.75% 1.75% 1.75% 1.75%
2026-03-19 08:30 AM Riksbank Rate Decision 1.75% 1.75% 1.75% 1.75%
2026-05-07 07:30 AM Riksbank Rate Decision 1.75% 1.75% 1.75% 1.75%
2026-05-28 07:30 AM Financial Stability Report
2026-06-17 07:30 AM Riksbank Rate Decision 1.75% 1.75%
2026-08-20 07:30 AM Riksbank Rate Decision 1.75%


Related Last Previous Unit Reference
Banks Balance Sheet 8604747.00 8487283.00 SEK Million Mar 2026
Central Bank Balance Sheet 923647.00 901896.00 SEK Million Mar 2026
Deposit Interest Rate 1.65 1.65 percent Apr 2026
Foreign Exchange Reserves 733418.00 727470.00 SEK Million Apr 2026
Riksbank Rate 1.75 1.75 percent May 2026
Lending Rate 1.85 1.85 percent Apr 2026
Loans to Private Sector 1716062.00 1710292.00 SEK Million Mar 2026
Money Supply M0 54844.00 54035.00 SEK Million Mar 2026
Money Supply M1 4168899.00 4186677.00 SEK Million Mar 2026
Money Supply M2 5103969.00 5097699.00 SEK Million Mar 2026
Money Supply M3 5174436.00 5161127.00 SEK Million Mar 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
Swedish Central Bank Leaves Rates Steady
The Swedish Riksbank kept its key policy rate unchanged at 1.75% for a fifth consecutive meeting in May 2026, in line with expectations, saying the current policy rate provides a solid starting point for adjusting monetary policy if needed to safeguard the inflation target. Policymakers noted that the risk of the war in the Middle East leading to higher inflation has increased somewhat. However, inflation currently remains below target, and recent data have come in significantly weaker than the Riksbank’s March forecast. At the same time, economic activity remains subdued. As a result, there is room to wait for a clearer assessment of the impact of the conflict and the supply shocks associated with it. The central bank stressed that uncertainty remains high and that developments warrant close monitoring. It also warned that if the war were to have major effects on the global economy and trigger a broad and persistent rise in inflation, it could be forced to raise the policy rate.
2026-05-07
Riksbank Holds Rates, Cites Middle East War Risks
The Sveriges Riksbank left its policy rate unchanged at 1.75% for a fourth straight meeting in March 2026, signaling that borrowing costs will likely remain at this level for the foreseeable future. However, the central bank emphasized that the ongoing war in the Middle East introduces significant uncertainty to its economic projections. In its highly uncertain baseline scenario, the Riksbank assumes the conflict will have only moderate effects on inflation and economic recovery, though policymakers cautioned it is too early to fully assess its impact. The bank expects CPIF inflation to return to target by 2029, as temporary pressures from energy prices and VAT adjustments fade. Yet, the Riksbank stressed it remains ready to act in either direction: raising rates if inflation proves more persistent, even at the cost of weaker economic activity, or cutting rates if demand weakens significantly while inflationary pressures ease.
2026-03-19
Riksbank Holds Policy Rate and Signals Prolonged Pause
The Sveriges Riksbank kept its policy rate unchanged at 1.75% for a third consecutive meeting at its first policy decision of 2026, in line with expectations. The central bank indicated that the rate is likely to remain at this level for some time as it assesses the impact of the current policy stance, which is expected to support stronger economic activity and help inflation stabilize around the target over the longer term. Policymakers, however, warned that uncertainty around inflation and growth has increased, driven in part by geopolitical tensions and shifts in US trade and foreign policy. While Sweden’s economy has remained resilient so far despite higher tariffs, household and business sentiment could weaken quickly. They also highlighted the krona’s impact on inflation and the effects of more expansionary fiscal policy in Sweden and abroad as key risks going forward.
2026-01-29