The Sveriges Riksbank held its benchmark rate at 0.0 percent during its November meeting, and said it would purchase bonds for SEK 37 billion during the first quarter of 2022 to compensate for forthcoming principal payments in the asset portfolio following the expiration of the asset purchase programme initiated in March 2020. Policymakers noted that economic activity is strong, while the above-target inflation rate is expected to fall next year as the energy price inflation slows and the supply bottlenecks are resolved. Looking forward, the central bank forecasts that the repo rate will be raised in the latter part of 2024, and the asset holdings will remain approximately unchanged in 2022 and then decrease gradually. source: Sveriges Riksbank

Interest Rate in Sweden averaged 2.83 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 November 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. 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


Calendar GMT Actual Previous Consensus TEForecast
2021-07-01 07:30 AM Riksbank Rate Decision 0% 0% 0% 0%
2021-09-21 07:30 AM Riksbank Rate Decision 0% 0% 0% 0%
2021-11-25 08:30 AM Riksbank Rate Decision 0% 0% 0% 0%
2021-12-06 08:30 AM Monetary Policy Meeting Minutes


Related Last Previous Unit Reference
Interest Rate 0.00 0.00 percent Nov/21
Money Supply M0 61008.00 61435.00 SEK Million Oct/21
Money Supply M3 4782277.00 4727114.00 SEK Million Oct/21
Foreign Exchange Reserves 534905.00 544784.00 SEK Million Oct/21
Banks Balance Sheet 11849627.00 11703394.00 SEK Million Oct/21
Loans to Private Sector 1477943.00 1463113.00 SEK Million Oct/21
Deposit Interest Rate -0.10 -0.10 percent Oct/21
Central Bank Balance Sheet 1518569.00 1498407.00 SEK Million Oct/21
Money Supply M2 4671069.00 4620809.00 SEK Million Oct/21
Money Supply M1 4336654.00 4278476.00 SEK Million Oct/21
Lending Rate 0.10 0.10 percent Oct/21

News Stream
Sveriges Riksbank Leaves Rates Unchanged
The Sveriges Riksbank held its benchmark rate at 0.0 percent during its November meeting, and said it would purchase bonds for SEK 37 billion during the first quarter of 2022 to compensate for forthcoming principal payments in the asset portfolio following the expiration of the asset purchase programme initiated in March 2020. Policymakers noted that economic activity is strong, while the above-target inflation rate is expected to fall next year as the energy price inflation slows and the supply bottlenecks are resolved. Looking forward, the central bank forecasts that the repo rate will be raised in the latter part of 2024, and the asset holdings will remain approximately unchanged in 2022 and then decrease gradually.
2021-11-25
Riksbank Holds Policy Rate at 0% as Expected
The Sveriges Riksbank left its repo rate at 0.0 percent during its September meeting as widely expected, saying monetary policy needs to remain expansionary for inflation to be lastingly close to the target going forward. Policymakers noted the Swedish economy has recovered quickly and inflation is expected to become temporarily higher than 2 percent in the coming year, before falling back again. The central bank will also continue to purchase securities during the fourth quarter, in line with the earlier decisions. The repo rate is expected to remain unchanged until at least the third quarter of 2024, while the holdings of securities will be more or less unchanged during 2022.
2021-09-21
Sweden Leaves Rates, QE Steady
The Riksbank left its key repo rate unchanged at 0% on July 1st 2021, in line with expectations. The central bank will also continue purchasing assets within the envelope of SEK 700 billion which will be fully utilised up until the end of 2021. Policymakers noted the spread coronavirus has declined and the economic outlook is brighter. However the pandemic is not yet over, and inflationary pressures are expected to rise in the coming years, when economic activity becomes increasingly strong. Still, the central bank may cut the repo rate or in some other way make monetary policy more expansionary if inflation prospects weaken.
2021-07-01

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.