The decision in brief
The policy rate is being cut by 0.25 percentage points to 2 per cent, with the forecast entailing some probability of another cut this year.
Inflation has fallen back after a rise at the beginning of the year and is expected to be close to target in the coming years.
The recovery of the Swedish economy is proceeding more slowly than expected.
Policy rate
2.00%
Applies from 25 June 2025
Decision documentation
- Press release 18 June 2025: Policy rate is cut to 2 per cent
- Monetary Policy Report June 2025
- Monetary policy decision June 2025, Policy rate decision
- Numerical data, Monetary Policy Report June 2025
- Outcomes and forecasts, June 2025
- Slides from the press conference 18 June 2025
- Voting by the Executive Board on interest rate decisions
Forecast for the policy rate
Policy rate, published on 18 June 2025
Figure: Policy rate and forecast in the short run June 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 19 August 2025 and information on the monetary policy decision, including the policy rate, will be communicated the day after, 20 August 2025.
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