Policy rate, deposit and lending rate

The policy rate is the interest rate decided upon by the Executive Board of the Riksbank in order to achieve the inflation target. The function and purpose of the policy rate is to steer the overnight rate on the market and to influence other interest rates in the economy so that the inflation target can be achieved.

The repo rate has been renamed the policy rate

8 June 2022. The Riksbank’s repo rate has been renamed the Riksbank’s policy rate, which is a more appropriate name. The function and purpose of the interest rate are unchanged.

Policy rate

This page reports the Riksbank’s policy rate from 2012 onwards. For statistics for the policy rate from its introduction in 1994, go to the page “Search interest rates and exchange rates” and look under Riksbank rates.

Read more: What is the policy rate?

Policy rate

The chart shows the Riksbank's policy rate on a daily basis, effective.

Figure: Policy rate

Deposit and lending rate

The table below shows the interest rates offered by the Riksbank to the banks for deposits and loans in the standing deposit and loan facilities. The deposit rate is currently 0.10 percentage points lower than the policy rate, and the lending rate is currently 0.10 percentage points higher than the policy rate.

Liquidity facility rate

The liquidity facility rate is the interest rate for the lending that the Riksbank offers to the banks in the supplementary liquidity facility. This interest rate is currently 0.75 percentage points higher than the policy rate.

Policy rate

Policy rate, deposit and lending rate, liquidity facility rate
Effective
(DD/MM/YY)
Policy rate Policy rate
Change in %
Deposit
rate
Lending
rate
Liquidity facility rate
30/11/2022 2.50 0.75 2.40 2.60 3.25
21/9/2022 1.75 1.00 1.65 1.85 2.50
6/7/2022 0.75 0.50 0.65 0.85 1.50
*8/6/2022 0.25 0.00 0.15 0.35 1.00
4/5/2022 0.25 0.25 0.15 0.35 n/a
16/2/2022 0.00 0.00 -0.10 0.10 n/a
1/12/2021 0.00 0.00 -0.10 0.10 n/a
22/9/2021 0.00 0.00 -0.10 0.10 n/a
7/7 2021 0.00 0.00 -0.10 0.10 n/a
28/4/2021 0.00 0.00 -0.10 0.10 n/a
17/2/2021 0.00 0.00 -0.10 0.10 n/a
2/12/2020 0.00 0.00 -0.10 0.10 n/a
23/9/2020 0.00 0.00 -0.10 0.10 n/a
8/7/2020 0.00 0.00 -0.10 0.10 n/a
29/4/2020 0.00 0.00 -0.10 0.20 n/a
18/3/2020 0.00 0.00 -0.10 0.20 n/a
19/2/2020 0.00 0.00 -0.10 0.75 n/a
8/1/2020 0.00 0.25 -0.10 0.75 n/a
30/10/2019 -0.25 0.00 -0.35 0.50 n/a
11/9/2019 -0.25 0.00 -1.00 0.50 n/a
10/7/2019 -0.25 0.00 -1.00 0.50 n/a
8/5/2019 -0.25 0.00 -1.00 0.50 n/a
20/2/2019 -0.25 0.00 -1.00 0.50 n/a
9/1/2019 -0.25 0.25 -1.00 0.50 n/a
31/10/2018 -0.50 0.00 -1.25 0.25 n/a
12/9/2018 -0.50 0.00 -1.25 0.25 n/a
4/7/2018 -0.50 0.00 -1.25 0.25 n/a
2/5/2018 -0.50 0.00 -1.25 0.25 n/a
21/2/2018 -0.50 0.00 -1.25 0.25 n/a
3/1/2018 -0.50 0.00 -1.25 0.25 n/a
1/11/2017 -0.50 0.00 -1.25 0.25 n/a
13/9/2017 -0.50 0.00 -1.25 0.25 n/a
5/7/2017 -0.50 0.00 -1.25 0.25 n/a
3/5/2017 -0.50 0.00 -1.25 0.25 n/a
22/2/2017 -0.50 0.00 -1.25 0.25 n/a
28/12/2016 -0.50 0.00 -1.25 0.25 n/a
2/11/2016 -0.50 0.00 -1.25 0.25 n/a
14/9/2016 -0.50 0.00 -1.25 0.25 n/a
13/7/2016 -0.50 0.00 -1.25 0.25 n/a
27/4/2016 -0.50 0.00 -1.25 0.25 n/a
17/2/2016 -0.50 -0.15 -1.25 0.25 n/a
16/12/2015 -0.35 0.00 -1.10 0.40 n/a
4/11/2015 -0.35 0.00 -1.10 0.40 n/a
9/9/2015 -0.35 0.00 -1.10 0.40 n/a
8/7/2015 -0.35 -0.10 -1.10 0.40 n/a
6/5/2015 -0.25 0.00 -1.00 0.50 n/a
25/3/2015 -0.25 -0.15 -1.00 0.50 n/a
18/2/2015 -0.10 -0.10 -0.85 0.65 n/a
17/12/2014 0.00 0.00 -0.75 0.75 n/a
29/10/2014 0.00 -0.25 -0.75 0.75 n/a
10/9/2014 0.25 0.00 -0.50 1.00 n/a
9/7/2014 0.25 -0.50 -0.50 1.00 n/a
16/4/2014 0.75 0.00 0.00 1.50 n/a
19/2/2014 0.75 0.00 0.00 1.50 n/a
18/12/2013 0.75 -0.25 0.00 1.50 n/a
30/10/2013 1.00 0.00 0.25 1.75 n/a
11/9/2013 1.00 0.00 0.25 1.75 n/a
10/7/2013 1.00 0.00 0.25 1.75 n/a
24/4/2013 1.00 0.00 0.25 1.75 n/a
20/2/2013 1.00 0.00 0.25 1.75 n/a
19/12/2012 1,00 -0,25 0,25 1,75 n/a
31/10/2012 1,25 0,00 0,50 2,00 n/a
12/9/2012 1,25 -0,25 0,50 2,00 n/a
11/7/2012 1,50 0,00 0,75 2,25 n/a
25/4/2012 1,50 0,00 0,75 2,25 n/a
22/2/2012 1,50 -0,25 0,75 2,25 n/a

* 08 June 2022. The Riksbank’s repo rate has been renamed the Riksbank’s policy rate, which is a more appropriate name. The function and purpose of the interest rate are unchanged. A supplementary liquidity facility with looser security requirements has been introduced and the interest rate for this is currently 0.75 percentage points higher than the policy rate.

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Updated 24/11/2022