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Evaluation of monetary policy

02/04/2025 -

Transparency and clarity at the Riksbank are important for both democratic oversight and effective monetary policy. The Riksbank presents analyses, considerations and decisions in decision documents, reports, press releases, minutes and...

Monetary policy / What is monetary policy?

Complementary monetary policy measures

09/02/2023 -

The Riksbank conducts monetary policy mainly by changing the policy rate. However, the Riksbank can influence interest rates in the economy as a whole in more ways, for example by purchasing or selling government bonds in the secondary market.

Monetary policy / What is monetary policy?

The Riksbank makes forecasts

07/04/2022 -

Forecasts for the real economy and inflation and analyses of the effects of monetary policy on the financial markets, the real economy and inflation are central to the monetary policy decision-making data.

Monetary policy / The path to a monetary policy decision

What is the policy rate?

26/06/2025 -

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

Monetary policy / What is monetary policy?

The e-krona pilot – test of technical solution for the e-krona

27/05/2025 -

The Riksbank initiated a pilot project in 2019 to develop a proposal for a technical solution for a central bank digital currency, an e-krona, that could work as a complement to cash. The project was completed in 2023.

Payments & cash / E-krona

Riksbank Certificates

29/09/2025 -

When the banking system has a liquidity surplus with the Riksbank, the Riksbank drains liquidity by issuing Riksbank Certificates at an interest rate corresponding to the policy rate.

Markets / Market operations

The framework for the Riksbank's equity in the Sveriges Riksbank Act

25/02/2025 -

The current Sveriges Riksbank Act (the Act (2022:1568) entered into force in January 2023 and was supplemented in 2024. Among other things, the Act provides a framework for the Riksbank's equity. This is done primarily by formulating a target...

Statistics / Riksbank's balance sheet

Climate Report

21/02/2025 -

The Climate Report explains why and how the Riksbank works with climate-related risks within the framework of its mandate, and describes new international regulations in the financial sector in the field of sustainability and the Swedish...

Press & published / Publications

SESSION III - The economics of international sanctions

07/07/2023 -

ABSTRACT: After a wave of globalization following the end of the Cold War, trade wars and financial sanctions have become frequent tools of international policymaking over the last ten years. This renewal has led to an increased interest in the...

Press & published

The Riksbank's work on preparedness

23/07/2025 -

The Riksbank is part of Sweden’s total defence and participates actively in planning for civil defence. We work continuously to strengthen our civil preparedness, which includes both crisis preparedness and civil defence. This work is done both...

About the Riksbank / Tasks and operations