Sweden Interest Rate 1994-2018 | Data | Chart | Calendar | Forecast

The central bank of Sweden held its benchmark interest rate at -0.5 percent on February 14th 2018, in line with market expectations, saying the economic activity in Sweden is strong and inflation is close to the 2 percent target. However, inflation forecasts for 2018 were revised down to 1.7 percent from 2 percent. Policymakers also reinforced that slow repo rate rises are set to be initiated during the second half of 2018. Interest Rate in Sweden averaged 3.20 percent from 1994 until 2018, 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.

Sweden Interest Rate
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Sweden Leaves Rates Steady, Cuts Inflation Forecasts


The central bank of Sweden held its benchmark interest rate at -0.5 percent on February 14th 2018, in line with market expectations, saying the economic activity in Sweden is strong and inflation is close to the 2 percent target. However, inflation forecasts for 2018 were revised down to 1.7 percent from 2 percent. Policymakers also reinforced that slow repo rate rises are set to be initiated during the second half of 2018.

The central bank also lowered inflation forecasts for 2019 to 2.6 percent from 2.8 percent but left 2020's unchanged at 3.1 percent. GDP growth is seen at 2.8 percent in 2018, slightly below earlier estimates of 2.9 percent. For 2019, growth is seen higher at 1.8 percent (1.7 percent earlier estimated) and for 2020 it was left unchanged at 2.1 percent.

Excerpts from the Statement by the Executive Board of the Riksbank:

For inflation to remain close to target going forward, it is important that economic activity continues to be strong and has an impact on price development, and that the Swedish krona does not strengthen too quickly. Monetary policy therefore still needs to be expansionary.

In light of this, the Executive Board has decided to hold the repo rate unchanged at −0.50 per cent. The forecast for the repo rate is unchanged since December and indicates that slow increases are set to be initiated during the second half of this year. The Riksbank's net purchases of government bonds amount to just over SEK 310 billion, expressed as a nominal amount. Until further notice, redemptions and coupon payments will be reinvested in the bond portfolio.

According to the Riksbank's forecast, the appropriate time is approaching to slowly begin raising the repo rate. But it is important not to raise the rate too early. Economic activity is strong and inflation has been close to 2 per cent for some time, but the lower inflationary pressures create uncertainty over how inflation will develop going forward. It is also important that the krona does not appreciate too quickly. It has taken a long time to bring inflation and inflation expectations back to 2 per cent, and the uncertainty surrounding the development of inflation means that monetary policy needs to proceed cautiously. If conditions were to change, the Executive Board is, as before, prepared to implement further monetary policy easing.


Riksbank | Joana Taborda |
2/14/2018 8:51:17 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-10-26 07:30 AM Riksbank Rate Decision -0.50% -0.5% -0.5% -0.5%
2017-12-20 08:30 AM Riksbank Rate Decision -0.5% -0.5% -0.5% -0.5%
2018-02-14 08:30 AM Riksbank Rate Decision -0.5% -0.5% -0.5% -0.5%
2018-04-25 07:30 AM Riksbank Rate Decision -0.5%
2018-05-08 07:30 AM Monetary Policy Meeting Minutes
2018-07-02 07:30 AM Riksbank Rate Decision


Sweden Money Last Previous Highest Lowest Unit
Interest Rate -0.50 -0.50 8.91 -0.50 percent [+]
Interbank Rate -0.38 -0.37 13.13 -0.65 percent [+]
Money Supply M0 53561.00 53430.00 100763.00 53430.00 SEK Million [+]
Money Supply M3 3268867.00 3278929.00 3278929.00 987445.00 SEK Million [+]
Banks Balance Sheet 13025087.00 12834577.00 13445487.00 1784742.00 SEK Million [+]
Foreign Exchange Reserves 507660.00 511255.00 547140.00 34098.00 SEK Million [+]
Loans to Private Sector 1357154.00 1343259.00 1357154.00 344995.00 SEK Million [+]
Deposit Interest Rate -1.25 -1.25 8.00 -1.25 percent [+]
Lending Rate 0.25 0.25 9.50 0.25 percent [+]
Loan Growth 7.00 7.00 23.50 -3.30 percent [+]
Money Supply M1 2719292.00 2742824.00 2742824.00 627592.00 SEK Million [+]
Money Supply M2 3172864.00 3190477.00 3190477.00 840564.00 SEK Million [+]
Private Debt to GDP 263.47 268.81 274.89 186.73 percent [+]
Central Bank Balance Sheet 875660.00 874609.00 889191.00 28957.00 SEK Million [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 -0.50 8.91 -0.50 1994 - 2018 percent Daily




interest rate by Country
Country Last
Turkey 8.00 Mar/18
Mexico 7.50 Mar/18
Russia 7.25 Mar/18
Brazil 6.50 Mar/18
India 6.00 Apr/18
China 4.35 Mar/18
Indonesia 4.25 Mar/18
United States 1.75 Mar/18
Australia 1.50 Apr/18
South Korea 1.50 Mar/18
Canada 1.25 Mar/18
United Kingdom 0.50 Mar/18
Euro Area 0.00 Mar/18
France 0.00 Mar/18
Germany 0.00 Mar/18
Italy 0.00 Mar/18
Netherlands 0.00 Mar/18
Spain 0.00 Mar/18
Japan -0.10 Mar/18
Switzerland -0.75 Mar/18


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