The central bank of Sweden held its key repo rate steady at -0.25 percent on July 3rd 2019, in line with market expectations, as economic activity remains strong and inflation is close to the target of 2 per cent. Meantime, policymakers added that the forecast for the repo rate was unchanged and reiterated the intention to raise it towards the end of the year or at the beginning of next year. However, the bank underscored that uncertainty abroad poses some risks to global outlook which requires proceeding cautiously with monetary policy. Interest Rate in Sweden averaged 3.04 percent from 1994 until 2019, 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.
Interest Rate in Sweden is expected to be -0.25 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 0.75 percent in 2020, according to our econometric models.