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Operational framework for the implementation of monetary policy

19/03/2026 -

The Riksbank uses its operational framework for the implementation of monetary policy to influence short-term market rates. The aim is for these to be as close to the policy rate as possible so that the inflation target can be achieved.

Markets

Monetary policy counterparties

04/03/2025 -

The Riksbank's Monetary policy counterparties are listed here.

Markets / Operational framework for the implementation of monetary policy

Reporting

15/11/2023 -

Monetary Policy Counterparties shall, according to the Terms and Conditions for RIX and Monetary Policy Instruments, Section B.3.2.3 (b), report to the Riksbank: the turnover of the Monetary Policy Counterparty and its group companies in the...

Markets / Operational framework for the implementation of monetary policy

Counterparties in Foreign Exchange Transactions

05/06/2023 -

Counterparties in Foreign Exchange Transactions are listed on this page.

Markets / Operational framework for the implementation of monetary policy

Application for approval of securities

15/07/2025 -

An application to have securities approved as collateral for intraday credit or a monetary policy instrument shall be made on the form “Application form for approval of securities as collateral”. Only participants in RIX -RTGS can apply for...

Markets / Operational framework for the implementation of monetary policy

Development of the liquidity surplus

30/04/2026 -

The liquidity surplus in the Swedish banking system vis-à-vis the Riksbank is declining as the Riksbank reduces its holdings of Swedish securities. This page illustrates how the surplus will evolve over the next three years.

Markets / Operational framework for the implementation of monetary policy

Riksbank Certificates

19/02/2026 -

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

Auction terms 2026-04-21

21/04/2026 -

Conditions for sale of Riksbank certificates Bid date, 2026-04-21 Auction date 2026-04-21 Settlement date 2026-04-22 Maturity Date 2026-04-29 Nominal amount 512 billion SEK Interest rate 1.75 % Bid times 09.30-10.00 (CET/CEST) on the...

Markets / Market operations

Auction terms 2026-03-31

31/03/2026 -

Conditions for sale of Riksbank certificates Bid date, 2026-03-31 Auction date 2026-03-31 Settlement date 2026-04-01 Maturity Date 2026-04-08 Nominal amount 515 billion SEK Interest rate 1.75 % Bid times 09.30-10.00 (CET/CEST) on the...

Markets / Market operations

Auction terms 2026-03-17

17/03/2026 -

Conditions for sale of Riksbank certificates Bid date, 2026-03-17 Auction date 2026-03-17 Settlement date 2026-03-18 Maturity Date 2026-03-25 Nominal amount 515 billion SEK Interest rate 1.75 % Bid times 09.30-10.00 (CET/CEST) on the...

Markets / Market operations