The decision in brief
The policy rate is cut by 0.25 percentage points to 3.25 per cent. If the inflation outlook remains unchanged, the rate can also be cut in November and December this year.
Inflationary pressures have fallen and are now assessed to be compatible with an inflation rate of around 2 per cent. However, the outlook for inflation is uncertain.
GDP and the labour market have performed weakly. Low and stable inflation and falling interest rates are expected to contribute to stronger economic activity next year.
Policy rate
3.25%
Applies from 2 October 2024
Decision documentation
- Press release 25 September 2024: Policy rate cut by 0.25 percentage points to 3.25 per cent
- Monetary Policy Report September 2024
- Monetary policy decision September 2024, Policy rate decision
- Numerical data, Monetary Policy Report September 2024
- Outcomes and forecasts, September 2024
- Slides from the press conference 25 September 2024
- Minutes of the Monetary Policy Meeting held on 24 September 2024
- Voting by the Executive Board on interest rate decisions
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 25 September 2024
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 6 November 2024 and information on the monetary policy decision, including the policy rate, will be communicated the day after, 7 November 2024.
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