Monetary policy

According to the Sveriges Riksbank Act, the objective for monetary policy is "to maintain price stability". The Riksbank has interpreted this objective to mean a low, stable rate of inflation. More precisely, the Riksbank's target is to hold inflation in terms of the CPIF (the CPI with a fixed interest rate) around 2 per cent a year.

 

The inflation target

The repo rate

-0.50%
Date:

Applies from 1 November 2017.

Read all about the repo rate decision

CPIF at present

2.3%
Date:

It is Statistics Sweden (SCB) that measures and publishes the CPIF every month on behalf of the Riksbank.

 

Current inflation rate

Stefan Ingves on negative repo rate

Governor Stefan Ingves. Photo: Petter Karlberg

Governor Stefan Ingves explains here what the decision to cut the repo rate to -0.25 per cent means for households and banks in practice.

Read the article

Monetary policy meetings

The monetary policy meetings, at which the repo rate is set, are held six times per year. In 2017, the meetings will be held on:

14 February, 26 April, 3 July, 6 September, 25 October and 19 December.

 

The decision is always published on the day following the meeting.

Calender