Policy rate in Sweden

Sveriges Riksbank · Monthly · Importance

1.75% (Sep-26) ABS · % · Monthly · CSV

Period	%
Sep 2026	1.75%
Oct 2025	1.75%
Jun 2025	2.00%
Feb 2025	2.25%
Jan 2025	2.50%
Nov 2024	2.75%
Oct 2024	3.25%
Aug 2024	3.50%
May 2024	3.75%
Sep 2023	4.00%
Jul 2023	3.75%
May 2023	3.50%
Feb 2023	3.00%
Nov 2022	2.50%
Sep 2022	1.75%
Jul 2022	0.75%
May 2022	0.25%
Jan 2020	0.00%
Jan 2019	-0.25%
Feb 2016	-0.50%
Jul 2015	-0.35%
Mar 2015	-0.25%
Feb 2015	-0.10%
Oct 2014	0.00%
Jul 2014	0.25%
Dec 2013	0.75%
Dec 2012	1.00%
Sep 2012	1.25%
Feb 2012	1.50%
Dec 2011	1.75%
Jul 2011	2.00%
Apr 2011	1.75%
Feb 2011	1.50%
Dec 2010	1.25%
Oct 2010	1.00%
Sep 2010	0.75%
Jul 2010	0.50%
Jul 2009	0.25%
Apr 2009	0.50%
Feb 2009	1.00%
Dec 2008	2.00%
Oct 2008	3.75%
Oct 2008	4.25%
Sep 2008	4.75%
Jul 2008	4.50%
Feb 2008	4.25%
Oct 2007	4.00%
Sep 2007	3.75%
Jun 2007	3.50%
Feb 2007	3.25%
Dec 2006	3.00%
Nov 2006	2.75%
Sep 2006	2.50%
Jun 2006	2.25%
Mar 2006	2.00%
Jan 2006	1.75%
Jun 2005	1.50%
Apr 2004	2.00%
Feb 2004	2.50%
Jul 2003	2.75%

Period	pp
Sep 2026	0.00
Jun 2025	-0.25
Feb 2025	-0.25
Jan 2025	-0.25
Nov 2024	-0.50
Oct 2024	-0.25
Aug 2024	-0.25
May 2024	-0.25
Sep 2023	0.25
Jul 2023	0.25
May 2023	0.50
Feb 2023	0.50
Nov 2022	0.75
Sep 2022	1.00
Jul 2022	0.50
May 2022	0.25
Jan 2020	0.25
Jan 2019	0.25
Feb 2016	-0.15
Jul 2015	-0.10
Mar 2015	-0.15
Feb 2015	-0.10
Oct 2014	-0.25
Jul 2014	-0.50
Dec 2013	-0.25
Dec 2012	-0.25
Sep 2012	-0.25
Feb 2012	-0.25
Dec 2011	-0.25
Jul 2011	0.25
Apr 2011	0.25
Feb 2011	0.25
Dec 2010	0.25
Oct 2010	0.25
Sep 2010	0.25
Jul 2010	0.25
Jul 2009	-0.25
Apr 2009	-0.50
Feb 2009	-1.00
Dec 2008	-1.75
Oct 2008	-1.00
Sep 2008	0.25
Jul 2008	0.25
Feb 2008	0.25
Oct 2007	0.25
Sep 2007	0.25
Jun 2007	0.25
Feb 2007	0.25
Dec 2006	0.25
Sep 2006	0.25
Jun 2006	0.25
Jan 2006	0.25
Jun 2005	-0.50
Apr 2004	-0.50
Feb 2004	-0.25
Jul 2003	-0.25
Jun 2003	-0.50
Mar 2003	-0.25
Dec 2002	-0.25
Nov 2002	-0.25

Period	pp
Sep 2026	-0.25
Jun 2025	-1.75
Feb 2025	-1.75
Jan 2025	-1.50
Nov 2024	-1.25
Oct 2024	-0.75
Aug 2024	-0.25
May 2024	0.25
Sep 2023	2.25
Jul 2023	3.00
May 2023	3.25
Feb 2023	3.00
Nov 2022	2.50
Sep 2022	1.75
Jul 2022	0.75
May 2022	0.25
Jan 2020	0.25
Jan 2019	0.25
Feb 2016	-0.40
Jul 2015	-0.60
Mar 2015	-1.00
Feb 2015	-0.85
Oct 2014	-1.00
Jul 2014	-0.75
Dec 2013	-0.25
Dec 2012	-0.75
Sep 2012	-0.75
Feb 2012	0.00
Dec 2011	0.50
Jul 2011	1.50
Apr 2011	1.50
Feb 2011	1.25
Dec 2010	1.00
Oct 2010	0.75
Sep 2010	0.50
Jul 2010	0.25
Jul 2009	-4.25
Apr 2009	-3.75
Feb 2009	-3.25
Dec 2008	-2.00
Oct 2008	-0.25
Sep 2008	1.00
Jul 2008	1.00
Feb 2008	1.00
Oct 2007	1.50
Sep 2007	1.25
Jun 2007	1.25
Feb 2007	1.50
Dec 2006	1.50
Sep 2006	1.00
Jun 2006	0.75
Jan 2006	-0.25
Jun 2005	-0.50
Apr 2004	-1.50
Feb 2004	-1.25
Jul 2003	-1.50
Jun 2003	-1.25
Mar 2003	-0.50
Dec 2002	0.00
Nov 2002	0.25

About this indicator

Source

Sveriges Riksbank

Frequency

Monthly

Release

On the central bank's monetary policy meeting dates.

What it is

It is the official interest rate set by the Riksbank (Sweden's central bank), its policy rate (styrränta) through which it conducts monetary policy. It is the benchmark price of money in the Swedish economy.

How it's calculated

It is not calculated statistically: it is decided by the Riksbank's Executive Board at its regular monetary policy meetings, in line with its 2% inflation target and the state of the economy.

Market implications

Changes in the policy rate feed through to market rates, credit, the exchange rate and, via these, to consumption, investment and prices. It is the Riksbank's main tool; a hike (or a hawkish tone) tends to strengthen the Swedish krona (SEK), while a cut tends to weaken it.

Limitations

It is a discretionary decision whose effects on the economy work with long and variable lags. The market reaction depends as much on the decision as on the forward guidance (the Riksbank's projected rate path) and the accompanying statement.