The decision in brief

Policy rate unchanged at 3.75 per cent. If inflation outlook remains the same, it can be cut two or three times during the second half of the year.

Inflation is close to target and expected to remain so even in the slightly longer term. However, the outlook for inflation is uncertain.

Economic activity is recovering from a weak starting point. The labour market will continue to weaken for some time to come.

Policy rate


Applies from 3 July 2024

What is the forecast for the policy rate?

The figure below shows the outcomes for the policy rate (solid line) and the Executive Board’s assessment of the policy rate in the coming three quarters (dashed line).

Policy rate (per cent), published on 27 June 2024

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Outcomes for the policy rate are daily data and forecasts refer to quarterly values. Read more about the forecast for the policy rate in the Monetary Policy Report. Source: The Riksbank.

Next monetary policy decision?

The next monetary policy meeting will take place on 19 August 2024 and information on the monetary policy decision, including the policy rate, will be communicated the day after, 20 August 2024.

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