The Sveriges Riksbank hiked its benchmark rate by 50bps to 0.75 percent on June 2022, meeting market expectations, and signaled further hikes for this year. The Executive Board also decided to shrink its asset holdings at a faster pace than what was planned in April. The decision followed an unexpected 25bps in the central bank’s last meeting, as policymakers attempt to counteract the surge in prices and prevent higher inflation from becoming entrenched in price and wage-setting. The forecast for the year-end benchmark rate was revised upwards and is expected to be close to 2 percent. At the same time, inflation is expected to average 7.6 percent in 2022 and 7.1 percent in 2023, compared to earlier forecasts of 6 percent and 5 percent, respectively. With the current projections, inflation is expected to normalize to the 2% level by the second quarter of 2025. source: Sveriges Riksbank

Interest Rate in Sweden averaged 2.78 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 July of 2022.

Interest Rate in Sweden is expected to be 0.50 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 1.50 percent in 2023 and 1.00 percent in 2024, according to our econometric models.

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Sweden Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-02-10 08:30 AM Riksbank Rate Decision 0% 0% 0% 0%
2022-04-28 07:30 AM Riksbank Rate Decision 0.25% 0% 0% 0%
2022-06-30 07:30 AM Riksbank Rate Decision 0.75% 0.25% 0.75% 0.5%
2022-07-11 07:30 AM Monetary Policy Meeting Minutes
2022-09-20 07:30 AM Monetary Policy Report
2022-09-20 07:30 AM Riksbank Rate Decision 0.75% 1.5%


Related Last Previous Unit Reference
Interest Rate 0.75 0.25 percent Jun 2022
Money Supply M0 67074.00 64050.00 SEK Million May 2022
Money Supply M3 4958880.00 4938377.00 SEK Million May 2022
Banks Balance Sheet 14218949.00 13517022.00 SEK Million May 2022
Foreign Exchange Reserves 581315.00 568334.00 SEK Million May 2022
Loans to Private Sector 1712565.00 1671105.00 SEK Million May 2022
Deposit Interest Rate 0.15 -0.10 percent Apr 2022
Central Bank Balance Sheet 1575984.00 1556952.00 SEK Million May 2022
Money Supply M2 4868193.00 4861961.00 SEK Million May 2022
Money Supply M1 4540978.00 4529173.00 SEK Million May 2022
Lending Rate 0.35 0.10 percent Apr 2022

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
0.75 0.25 8.91 -0.50 1994 - 2022 percent Daily

News Stream
Riksbank Hikes Rate by 50bps as Expected
The Sveriges Riksbank hiked its benchmark rate by 50bps to 0.75 percent on June 2022, meeting market expectations, and signaled further hikes for this year. The Executive Board also decided to shrink its asset holdings at a faster pace than what was planned in April. The decision followed an unexpected 25bps in the central bank’s last meeting, as policymakers attempt to counteract the surge in prices and prevent higher inflation from becoming entrenched in price and wage-setting. The forecast for the year-end benchmark rate was revised upwards and is expected to be close to 2 percent. At the same time, inflation is expected to average 7.6 percent in 2022 and 7.1 percent in 2023, compared to earlier forecasts of 6 percent and 5 percent, respectively. With the current projections, inflation is expected to normalize to the 2% level by the second quarter of 2025.
2022-06-30
Riksbank Unexpectedly Hikes Interest Rate
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.
2022-04-28
Sveriges Riksbank Sees First Rate Hike in H2 2024
The Sveriges Riksbank held its benchmark rate at 0.0 percent during its February meeting and said it would purchase bonds for SEK 37 billion during the second quarter of 2022 to compensate for maturing assets in the portfolio. The Executive Board’s forecast is, as before, that the holdings will remain approximately unchanged in 2022 and then decrease gradually. The forecast for the repo rate indicates that it will be raised in the second half of 2024, which is slightly earlier than the Riksbank’s assessment in November.
2022-02-10