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.