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What is the policy rate?

20/01/2026 -

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?

Monetary policy and sustainability

21/02/2025 -

In order to make well-balanced monetary policy decisions and maintain price stability, the Riksbank needs to analyse and take into account various sustainability risks, in particular climate change.

Monetary policy

How payments work

16/05/2025 -

It is important that payments can be made in a safe and efficient manner. From previously having mainly involved a switch in ownership of banknotes and coins, payments have become increasingly complex. All non-cash payments require the...

Payments & cash

Monetary policy decision March 2025

20/03/2025 -

2,25 Monetary policy decision What is the forecast for the policy rate? Next monetary policy decision? March 2025 The figure below shows the outcomes for the policy rate (solid line) and the Executive Board’s assessment of the policy rate in the...

Monetary policy / Monetary policy decisions

Monetary policy decision June 2025

18/06/2025 -

2,00 Monetary policy decision Next monetary policy decision? June 2025 CSV-grafblock med prognosen för styrräntan ENG The next monetary policy meeting will take place on 19 August 2025 and information on the monetary policy decision, including...

Monetary policy / Monetary policy decisions

Monetary policy decision March 2026

19/03/2026 -

1,75 Monetary policy decision Next monetary policy decision? March 2026 CSV-grafblock med prognosen för styrräntan ENG The next monetary policy meeting will take place on 6 May 2026 and information on the monetary policy decision, including the...

Monetary policy / Monetary policy decisions

Monetary policy decision May 2026

07/05/2026 -

1,75 Monetary policy decision Next monetary policy decision May 2026 The next monetary policy meeting will take place on 16 May 2026 and information on the monetary policy decision, including the policy rate, will be communicated the day after,...

Monetary policy / Monetary policy decisions

Monetary policy decision August 2025

20/08/2025 -

2,00 Monetary policy decision Next monetary policy decision? August 2025 The next monetary policy meeting will take place on 22 September 2025 and information on the monetary policy decision, including the policy rate, will be communicated the...

Monetary policy / Monetary policy decisions

Monetary policy decision January 2025

29/01/2025 -

2,25 Monetary policy decision Next monetary policy decision? January 2025 The next monetary policy meeting will take place on 19 March 2025 and information on the monetary policy decision, including the policy rate, will be communicated the day...

Monetary policy / Monetary policy decisions

Monetary policy decision January 2026

29/01/2026 -

1,75 Monetary policy decision Next monetary policy decision January 2026 The next monetary policy meeting will take place on 18 March 2026 and information on the monetary policy decision, including the policy rate, will be communicated the day...

Monetary policy / Monetary policy decisions