Riksbank rates

Riksbank rates for the current bank day are available on the same day at approximately 09.10. Search interest & exchange rates

Repo rate

The repo rate has been the Riksbank’s policy rate since 1994. By raising or cutting the repo rate, the Riksbank can affect other interest rates in Sweden, which affects demand in the Swedish economy and thereby inflation. 

The deposit and lending rate

The deposit rate is the rate of interest banks receive when they deposit funds in their accounts at the Riksbank overnight and is normally 0.10 percentage points lower than the repo rate.

The lending rate is the rate of interest banks pay when they borrow overnight funds from the Riksbank and is normally 0.10 percentage points higher than the repo rate.

The marginal rate

The marginal rate was the Riksbank's policy rate from December 1985 until the end of May 1994, when it was replaced with the repo rate.

The Riksbank’s reference rate

The Riksbank’s reference rate is an interest rate that is determined by the Riksbank once every six months. The rate can be changed on 1 January and 1 July. The reference rate corresponds to the Riksbank’s repo rate at the end of the previous six-month period, rounded up to the nearest half-percentage point. The Riksbank’s reference rate serves no monetary policy purpose.

The discount rate

Until 30 June 2002, the discount rate was the Riksbank's official interest rate and was determined every quarter by the Swedish National Debt Office. It set the standard for the various credit institutions' deposit and lending rates, for example, as well as for the statutory interest on arrears. As of 1 July 2002, it was replaced by the reference rate.

SWESTR

SWESTR (Swedish krona Short Term Rate) is a reference rate calculated and published by the Riksbank. SWESTR is a transaction-based reference rate calculated by the Riksbank on the basis of transactions executed on the money market from one banking day to the next in Swedish kronor. SWESTR data can be found on the page Search SWESTR data.