The Riksbank left its key repo rate unchanged at 0% during its April 2021 meeting, in line with expectations and will continue to purchase assets within the envelope of SEK 700 billion. Policymakers said growth is expected to gear up both in Sweden and abroad but there is still considerable uncertainty and the speed of the recovery varies substantially between different sectors and countries while cost pressures are expected to rise relatively slowly in the country source: Sveriges Riksbank

Interest Rate in Sweden averaged 2.88 percent from 1994 until 2021, 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 June of 2021.

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 2022, 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 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-09-22 07:30 AM Riksbank Rate Decision 0% 0% 0% 0%
2020-11-26 08:30 AM Riksbank Rate Decision 0% 0% 0% 0%
2021-02-10 08:30 AM Riksbank Rate Decision 0% 0% 0% 0%
2021-04-27 07:30 AM Riksbank Rate Decision 0% 0% 0% 0%
2021-07-01 07:30 AM Monetary Policy Report
2021-07-01 07:30 AM Riksbank Rate Decision 0% 0%
2021-07-12 07:30 AM Monetary Policy Meeting Minutes


News Stream
Sweden Leaves Monetary Policy Unchanged
The Riksbank left its key repo rate unchanged at 0% during its April 2021 meeting, in line with expectations and will continue to purchase assets within the envelope of SEK 700 billion. Policymakers said growth is expected to gear up both in Sweden and abroad but there is still considerable uncertainty and the speed of the recovery varies substantially between different sectors and countries while cost pressures are expected to rise relatively slowly in the country
2021-04-27
Riksbank Leaves Monetary Policy Unchanged
Sweden's central bank held its benchmark interest rate at 0.0 percent during its February meeting and said and it is expected to remain at this level in the years to come. The Riksbank is continuing to purchase assets within the envelope of SEK 700 billion and to offer liquidity within all the programmes launched in 2020. The Executive Board’s current assessment is that the envelope for asset purchases will be fully utilized by the end of 2021 and that the size of the holdings will be maintained on this level at least during 2022. Policymakers noted that it will take until 2023 before inflation is close to the target of 2 percent more permanently due to the Covid-19 crisis.
2021-02-10
Riksbank Holds Rates, Extends Asset Purchases
Sweden's central bank held its benchmark interest rate at 0.0 percent during its November meeting, and pledged to keep it at this level in the coming years as the increased spread of infection and tighter restrictions will lead to a new downturn in the Swedish economy. Policymakers also announced an expansion and extension to the Riksbank’s asset purchases from SEK 500 billion to up to SEK 700 billion up to December 2021, aiming to give further support in an uncertain time, improve the conditions for a recovery and help inflation rise towards the target of 2 percent.
2020-11-26
Riksbank Leaves Monetary Policy Unchanged
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.
2020-09-22

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.