What is the repo rate?

The repo rate is the Riksbank’s policy rate and our main monetary policy tool. By raising or cutting the repo rate, the Riksbank can affect other interest rates in Sweden, which affects demand in the Swedish economy and thereby inflation.

The current repo rate

Repo rate

Applies from 1 December 2021

Graph and table

Read more in the Monetary Policy Report

The Executive Board of the Riksbank normally makes decisions on monetary policy five times a year. The interest rate decision is announced in conjunction with the publication of the Monetary Policy Report, which describes the deliberations taken by the Riksbank in the process of deciding upon an appropriate monetary policy. 

The repo rate back in time

The page “Repo rate, borrowing and lending rate” includes a history of the repo rate from 2012 and on. If you are looking for statistics for the repo rate from its introduction in 1994, go to the page “Search interest rates and exchange rates” and look under “Riksbank interest rates”.

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Updated 05/09/2019

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