Sweden's central bank raised its benchmark repo rate by 25bps to 0 percent during its December meeting, ending five years of negative interest rates, saying inflation has been close to the target of 2 percent since the start of 2017 while the economic prospects and outlook for inflation are largely unchanged. Policymakers also said the repo rate will remain at zero percent in the coming years. Interest Rate in Sweden averaged 3 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. 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 2020, according to our econometric models.

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Sweden Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.00 -0.25 8.91 -0.50 1994 - 2019 percent Daily



Calendar GMT Actual Previous Consensus TEForecast
2019-07-03 07:30 AM Riksbank Rate Decision -0.25% -0.25% -0.25% -0.25%
2019-09-05 07:30 AM Riksbank Rate Decision -0.25% -0.25% -0.25% -0.25%
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 Monetary Policy Report


News Stream
2019-10-24
Sweden Holds Key Rate at -0.25%
The central bank of Sweden left its key repo rate unchanged at -0.25 percent on October 24th 2019, as widely expected. The bank also said it plans to tighten policy at its December meeting, in spite of uncertainty surrounding the development of economic activity and inflation abroad and in Sweden. Policymakers also noted that the Swedish economy is slowing down while inflation has fallen, in line with the CB predictions.

2019-09-05
Sweden Holds Key Rate at -0.25%
The central bank of Sweden left its key repo rate unchanged at -0.25 percent on September 5th 2019, as widely expected. Policymakers noted that the economy has entered to a calmer phase and inflation is close to the target of 2 percent. The Committee said that there are still major risks that may affect economic developments. Policymakers added the interest rate is expected to be raised towards the end of the year or at the beginning of next year but at a slower pace than in the previous forecast due to worsened sentiment and low interest rates abroad.

2019-07-03
Sweden Leaves Interest Rate Unchanged at -0.25%
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.

2019-04-25
Sweden Holds Key Rate at -0.25%
The central bank of Sweden left its key repo rate steady at -0.25 percent on April 25th 2019, in line with market expectations. Policymakers said the strong economic activity in Sweden indicates that inflation will remain close to 2 percent in the coming years but inflationary pressures are slightly weaker than expected. Also, the central bank delayed the next rate hike to the end of the year or to the beginning of next year and added rate rises thereafter are expected at a slower pace. In February, policymakers projected to raise rates in the second half of 2019.

2019-02-13
Sweden Leaves Rates Unchanged
The central bank of Sweden left its key repo rate steady at -0.25 percent on February 13th 2019, in line with market expectations and following a surprise 25bps hike in the previous meeting. Policymakers said economic developments in Sweden and abroad have entered a phase of lower growth and the conditions for inflation to remain close to 2 percent in the coming years have not changed to any great extent. Also, the central bank reiterated the next hike in the repo rate is seen during the second half of 2019, provided that the economic outlook and inflation prospects are as expected.


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.

Sweden Money Last Previous Highest Lowest Unit
Interest Rate 0.00 -0.25 8.91 -0.50 percent [+]
Interbank Rate 0.20 0.20 13.13 -0.65 percent [+]
Money Supply M0 61729.00 61820.00 100763.00 53430.00 SEK Million [+]
Money Supply M3 3738715.00 3725549.00 3738715.00 987445.00 SEK Million [+]
Banks Balance Sheet 10099580.00 10297251.00 13664616.00 1784742.00 SEK Million [+]
Foreign Exchange Reserves 518098.00 541163.00 573065.00 34098.00 SEK Million [+]
Loans to Private Sector 1446091.00 1443968.00 1465091.00 344995.00 SEK Million [+]
Deposit Interest Rate -0.75 -1.00 8.00 -1.25 percent [+]
Lending Rate 0.75 0.50 9.50 0.25 percent [+]
Loan Growth 5.00 5.00 23.50 -3.30 percent [+]
Money Supply M1 3142073.00 3135401.00 3142073.00 627592.00 SEK Million [+]
Money Supply M2 3599353.00 3593417.00 3599353.00 840564.00 SEK Million [+]
Private Debt to GDP 279.70 274.50 279.70 180.70 percent [+]
Central Bank Balance Sheet 899963.00 930417.00 969911.00 28957.00 SEK Million [+]