The Central Bank of Sweden left its key repo rate unchanged at 0% during its April 2020 meeting and said it will continue purchases of government and mortgage bonds up to the end of September of 2020. On March 16th the Swedbank pledged to buy securities worth SEK 300 billion this year, aiming to facilitate credit supply in the economy to help offset the impact of the coronavirus. Policymakers noted that at this time it was not justified to lower the repo rate as the economic downturn is due to imposed restrictions and people’s concerns about the spread of the COVID-19. However, the bank does not rule out the possibility of an interest rate cut at a later date if this is deemed an effective measure to stimulate demand and support the development of the inflation in the recovery phase.

Interest Rate in Sweden averaged 2.96 percent from 1994 until 2020, 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 2020. source: Sveriges Riksbank

Interest Rate in Sweden is expected to be 0.00 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 0.00 percent in 2021, according to our econometric models.

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Sweden Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.00 8.91 -0.50 1994 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-10-24 07:30 AM Riksbank Rate Decision -0.25% -0.25% -0.25% -0.25%
2019-12-19 08:30 AM Riksbank Rate Decision 0% -0.25% 0% 0%
2020-02-12 08:30 AM Riksbank Rate Decision 0% 0% 0% 0%
2020-04-28 07:30 AM Riksbank Rate Decision 0% 0% 0% 0%
2020-07-01 07:30 AM Monetary Policy Report
2020-07-01 07:30 AM Riksbank Rate Decision 0%
2020-07-10 07:30 AM Monetary Policy Meeting Minutes
2020-09-22 07:30 AM Monetary Policy Report


News Stream
Sweden Keeps Rates at 0%
The Central Bank of Sweden left its key repo rate unchanged at 0% during its April 2020 meeting and said it will continue purchases of government and mortgage bonds up to the end of September of 2020. On March 16th the Swedbank pledged to buy securities worth SEK 300 billion this year, aiming to facilitate credit supply in the economy to help offset the impact of the coronavirus. Policymakers noted that at this time it was not justified to lower the repo rate as the economic downturn is due to imposed restrictions and people’s concerns about the spread of the COVID-19. However, the bank does not rule out the possibility of interest rate cut at a later date if this is deemed an effective measure to stimulate demand and support the development of inflation in the recovery phase.
2020-04-28
Riksbank Expands Support Package
Sweden's central bank announced it would buy securities for up to an additional SEK 300 billion this year following an extraordinary monetary policy meeting on March 16th, to facilitate credit supply and mitigate the negative effects of the Covid-19 on economic activity. The Riksbank also said it is offering increased loans to banks, and pledged to take further measures and to supply necessary liquidity if needed, even between the ordinary monetary policy meetings. Last week, policymakers had already said the bank would lend up to SEK 500 billion to local firms via the banks to help them to meet the financial challenges resulting from the coronavirus. The Sveriges Riksbank last hike interest rates to 0.0 percent last November, ending five years of negative interest rates.
2020-03-16
Riksbank Draws Up Loan Package for Companies
Sweden's central bank announced it would lend up to SEK 500 billion to local firms via the banks following an extraordinary monetary policy meeting on March 12th, to help them to meet the financial challenges resulting from the coronavirus. Policymakers said it is essential that the credit supply to companies, particularly small and medium-sized enterprises, continues to function efficiently as the virus will undoubtedly have clearly negative effects on economic activity, although it is too early to say how large the consequences will be and how long they will last. The bank also said it is ready and prepared to take further measures and to supply necessary liquidity, even between the ordinary monetary policy meetings. The Sveriges Riksbank last hike interest rates to 0.0 percent last November, ending five years of negative interest rates.
2020-03-13
Sweden Leaves Key Rate at 0%
Sweden's central bank left its benchmark repo rate steady at 0 percent during its February 2020 meeting, in line with market expectations and following a 25bps hike in the previous meeting. Policymakers said that both the global and the Swedish economies have developed in line with the Riksbank’s forecasts in December and the prospects for inflation and economic activity are largely unchanged. The repo rate is expected to remain at zero per cent during almost the entire forecast period, which will contribute to good economic development and close-to-target inflation.
2020-02-12

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.