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Account of Monetary Policy in 2025

05/03/2026 -

2025 was a dramatic year in the world, not least as a result of the US administration’s shift in foreign and security policy. However, world trade and the global economy stood up relatively well.

Press & published / Notices and Press releases

Staff Memo: Monetary-fiscal interactions when Ricardian equivalence fails

20/04/2026 -

When Ricardian equivalence applies, the interaction between monetary and fiscal policy is limited. However, when the equivalence is broken, for example due to household liquidity constraints or fiscal dominance, a clear pattern emerges. Supply...

Press & published / Notices and Press releases

Bond purchases by banks and hedge funds have dampened the effects of the Riksbank's quantitative tightening

28/05/2026 -

The Riksbank's quantitative tightening has so far had limited effects on risk premia and bank deposits. One reason for this, according to a new analysis by Erik Andersson and Peter Kaplan at the Riksbank, is that much of the reduction in the...

Press & published / Notices and Press releases

The Riksbank has decided on interest-free deposits of almost SEK 35 billion

08/05/2026 -

The Riksbank has decided that banks, other Swedish credit institutions and Swedish branches of foreign credit institutions shall hold interest-free deposits (the deposit requirement) on account at the Riksbank totalling just under SEK 35 billion...

Press & published / Notices and Press releases

The financial sector is urged to take note of the National Cyber Security Centre’s advice and recommendations regarding cybersecurity and AI

01/07/2026 -

The Swedish National Cyber Security Centre has recently published recommendations for organisations to follow in order to strengthen their resilience to cyberattacks. The recommendations are divided into two sections, one of which is aimed at...

Press & published / Notices and Press releases

Riksbank leaving Brunkebergstorg during renovation

19/03/2026 -

2027 will see the start of an extensive renovation of the Riksbank's head office at Brunkebergstorg in Stockholm. During this period, the Riksbank will conduct its operations from temporary addresses.

Press & published / Notices and Press releases

The Riksbank publishes the IMF's statement on the Swedish economy

13/05/2026 -

A delegation from the International Monetary Fund (IMF) today concludes its annual visit to Sweden. The visit forms part of the regular consultations that the IMF has with its member countries, the so-called Article IV consultations.

Press & published / Notices and Press releases

Major companies behind growing foreign trade in services

25/03/2025 -

Swedish exports and imports of services have steadily increased as a share of GDP in recent decades. Moreover, the growth rate has accelerated and risen sharply since 2019. A small number of multinational companies are behind the development.

Press & published / Notices and Press releases

Committee on Finance hearing on the Riksbank's operations and monetary policy

11/03/2025 -

The Executive Board today participated in the Committee on Finance's hearing on the Riksbank's activities in 2024 and current monetary policy.

Press & published / Notices and Press releases

Interest rate adjustments have the fastest effect on consumption of durable goods

03/04/2025 -

Changes in interest rates have broad effects on consumption, but affect different groups of goods differently. An Economic Commentary published by the Riksbank examines the sensitivity of different components of consumption to interest rates.

Press & published / Notices and Press releases