The decision in brief
The policy rate cut is by 0.25 percentage points to 3.75 per cent. If the outlook for inflation stays the same, the policy rate can be cut two more times during the second half of the year.
Inflation is now close to the target and is expected to remain so even in the slightly longer term. However, the outlook for inflation is uncertain.
Swedish GDP growth has been weak but is expected to rise gradually. The labour market will continue to weaken for some time to come.
Policy rate
3.75%
Applies from 15 May 2024
Decision documentation
- Press release 8 May 2024: Policy rate cut by 0.25 percentage points to 3.75 per cent
- Monetary policy update May 2024
- Monetary policy decision May 2024, Policy rate decision
- Numerical data, Monetary Policy Update May 2024
- Slides from the press conference 8 May 2024
- Minutes of the Monetary Policy Meeting held on 7 May 2024
- Voting by the Executive Board on interest rate decisions
Next monetary policy decision?
The next monetary policy meeting will take place on 26 June 2024 and information on the monetary policy decision, including the policy rate, will be communicated the day after, 27 June 2024.
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