Sweden Interest Rate 1994-2015 | Data | Chart | Calendar | Forecast

The benchmark interest rate in Sweden was last recorded at -0.25 percent. Interest Rate in Sweden averaged 3.57 percent from 1994 until 2015, reaching an all time high of 8.91 percent in July of 1995 and a record low of -0.25 percent in March of 2015. Interest Rate in Sweden is reported by the Sveriges Riksbank.

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Sweden Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-0.25 -0.25 8.91 -0.25 1994 - 2015 percent Daily
In Sweden, interest rates decisions are taken 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. This page provides - Sweden Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Sweden Interest Rate - was last refreshed on Friday, May 29, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-02-12 08:30 AM -0.1% 0% 0% 0%
2015-03-18 01:00 PM -0.25% -0.1%
2015-04-29 08:30 AM -0.25% -0.25% -0.4% -0.25%
2015-07-01 08:30 AM -0.25%
2015-09-02 08:30 AM -0.25%
2015-10-27 08:30 AM -0.25%


Swedish Central Bank Leaves Rate on Hold


The Central Bank of Sweden kept its repo rate unchanged at -0.25 percent on April 29th and expanded its programme of asset purchases to SEK 40-50 Billion.

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

The expansionary monetary policy is having a positive impact on the Swedish economy and inflation has begun to rise. To ensure this development continues, the Executive Board of the Riksbank has decided to purchases government bonds for a further SEK 40-50 billion. In addition, the repo-rate path has been lowered significantly compared with the decision in February. The repo rate has been left unchanged at −0.25 per cent but may be cut further. Slow increases in the repo rate are not expected to begin until the second half of 2016. These measures and the readiness to do more underline that the Riksbank is safeguarding the role of the inflation target as a nominal anchor for price setting and wage formation.

Economic activity abroad continues to slowly improve. Although the development of economic activity abroad continues to be uncertain, the recovery in the euro area appears to be on firmer ground. GDP growth in Sweden is good and the labour market is continuing to improve.
To support the positive development and ensure that inflation rises sufficiently quickly, the Executive Board of the Riksbank has decided to extend the purchases of nominal government bonds by a further SEK 40-50 billion. The purchases will be made during the period from May to the end of September and will comprise maturities of up to 25 years. The purchases decided on by the Riksbank to date thus comprise SEK 80-90 billion. At the same time, the repo-rate path has been lowered significantly compared with the decision in February. Slow increases in the repo rate from −0.25 per cent are not expected to begin until the second half of 2016. The repo-rate path also reflects the fact that it is possible to cut the repo rate further.

Monetary policy reflects the fact that the Riksbank's tolerance for low inflation is very limited. The Riksbank is still highly prepared to make monetary policy even more expansionary if necessary, even between the ordinary monetary policy meetings. The purchases of government bonds can be extended. Moreover, the repo rate can be cut further and future increases can be implemented more slowly. The Riksbank is also prepared to launch a programme for loans to companies via the banks and to intervene on the foreign exchange market if the upturn in inflation is threatened as the result, for instance, of a very troublesome market development. Purchases of other assets than government bonds are also a possibility.

The decision on the repo rate will apply with effect from 6 May. The minutes from the Executive Board's monetary policy discussion will be published on 12 May. 

Central Bank of Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/29/2015 8:43:39 AM


Recent Releases

Sweden Cuts Repo Rate to -0.25%
Central Bank of Sweden cut its key repo rate by 0.15 percentage point to -0.25 percent and expanded its programme of asset purchases to SEK30 Billion during an unscheduled meeting held on March 18th . Published on 2015-03-18

Sweden Cuts Key Rate to -0.1%, Shifts to Asset Buying
Swedish central bank lowered its key repo rate by 10 bps to -0.1 percent on February 12th, aiming to tackle low inflation. Policymakers will also buy SEK 10 billion government bonds and said they are prepared to do more at short notice. Published on 2015-02-12


Sweden Money Last Previous Highest Lowest Unit
Interest Rate -0.25 -0.25 8.91 -0.25 percent [+]
Interbank Rate -0.21 -0.08 11.01 -0.21 percent [+]
Money Supply M0 76213.00 75356.00 100883.00 6076.00 SEK Million [+]
Money Supply M3 2492601.00 2480183.00 2516425.00 45623.00 SEK Million [+]
Foreign Exchange Reserves 513531.00 513312.00 513531.00 34098.00 SEK Million [+]
Loans to Private Sector 1236529.00 1237264.00 1237264.00 344995.00 SEK Million [+]
Banks Balance Sheet 10185318.00 10211034.00 10245830.00 1784742.00 SEK Million [+]
Central Bank Balance Sheet 570728.00 547853.00 725274.00 28957.00 SEK Million [+]
Loan Growth 6.38 6.21 13.10 4.46 Percent [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.00 May/15 2.25 17.50 2.00 percent [+]
Brazil 13.25 Apr/15 12.75 45.00 7.25 percent [+]
Canada 0.75 May/15 0.75 16.00 0.25 percent [+]
China 5.10 May/15 5.35 10.98 5.10 percent [+]
Euro Area 0.05 Apr/15 0.05 4.75 0.05 percent [+]
France 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Germany 0.05 Apr/15 0.05 4.75 0.05 percent [+]
India 7.50 Apr/15 7.50 14.50 4.25 percent [+]
Indonesia 7.50 May/15 7.50 12.75 5.75 percent [+]
Italy 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Japan 0.00 May/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Apr/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Russia 12.50 Apr/15 14.00 17.00 5.00 percent [+]
South Korea 1.75 May/15 1.75 5.25 1.75 percent [+]
Spain 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Apr/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 May/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 May/15 0.50 17.00 0.50 percent [+]
United States 0.25 Apr/15 0.25 20.00 0.25 percent [+]