Sveriges Riksbank held its benchmark interest rate at 0.0 percent during its September meeting, saying it is expected to remain at this level in the coming years. At the same time, the central bank pledged to continue its asset purchases and to offer liquidity in all the programmes launched in 2020, as the effects of the pandemic on the global economy are expected to be prolonged, and future developments are fraught with risks of setbacks, in both the short and longer term. Policymakers noted that inflation is projected to be low this year due to the severity of the crisis and the fact that demand will not be back at more normal levels any time soon.
Interest Rate in Sweden averaged 2.93 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 October 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.