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.