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The interest rate coup

Without informing the Government in advance, the Riksbank raises the repo rate by an entire percentage point, from 4 to 5 per cent. The decision leads to heated political debate but marks the end of the low interest rate policy. ...

The Kreuger Crash

Ivar Kreuger’s enormous financial empire collapses in the wake of the Wall Street Crash. Despite enormous credits from Swedish banks and the Riksbank, he is unable to get his affairs in order and found dead on March 12, 1932 in Paris.

First in the world with price stability target

After speculation against the krona, Sweden abandons the gold standard. The exchange rate becomes variable but, to protect domestic purchasing power, the Riksbank becomes the first central bank in the world to have a price stability target as a...

Financial crisis managed

A financial crisis breaks out in the United States. It rapidly spreads to Europe and Sweden. For the first time, the Riksbank acts as a modern central bank and manages the crisis.

Sweden gets the krona

When the gold standard is introduced, the new unit of coinage is named the krona. ...

Strong deflation after the war

The end of the war means that the strong demand for Swedish products abroad collapses with devastating deflation and an economic crisis as consequence.

We start using decimals

The decimal system is introduced for coins and we get one coin system instead of two parallel ones. Instead of riksdaler banco and riksdaler riksgälds, we get riksdaler riksmynt, which are divided into 100 öre. ...

The Riksbank moves to Helgeandsholmen

The Riksbank moves from Järntorget to the new premises in what would later become the Riksdag building.

1900 - 1999

The Riksbank sets an inflation target

With a floating exchange rate, price stability becomes the overall target for monetary policy. The Riksbank specifies the target at 2 per cent inflation with a tolerance band of +/- 1 percentage point.