The decision in brief
The policy rate is left unchanged at 1.75 per cent.
Inflation has approached 2 per cent.
The economic recovery is under way.
Policy rate
1.75%
Applies from 7 January 2026
Decision documentation
- Press release 18 December 2025: Policy rate unchanged at 1.75 per cent
- Monetary Policy Report December 2025
- Monetary policy decision December 2025, Policy rate decision
- Numerical data, Monetary Policy Report December 2025
- Outcomes and forecasts, December 2025
- Slides from the press conference 18 December 2025
- Voting by the Executive Board on interest rate decisions
Forecast for the policy rate
Policy rate, published on 18 December 2025
Figure: Policy rate and forecast in the short run December 2025.csv
The figure shows the outcomes for the policy rate (solid line) and the Riksbank’s forecast of the policy rate in the coming three quarters (dashed line). Outcomes are daily data and the forecast refer to quarterly average 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 28 January 2026 and information on the monetary policy decision, including the policy rate, will be communicated the day after, 29 January 2026.
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