The Riksbank’s reference rate
The Riksbank’s reference rate, as presented on this page, is an interest rate that is set by the Riksbank twice a year, on 1 January and 1 July of each year.
The level of the Riksbank’s reference rate is steered by the policy rate. The reference rate corresponds to the Riksbank’s policy rate, rounded up to the closest half percentage point if necessary.
According to Section 9 of the Interest Act (1975:635), the Riksbank must set the reference rate every calendar half-year by special decision. The Riksbank’s reference rate has no monetary policy purpose, but can be used to calculate other interest rates such as interest on overdue payments, for example. The Riksbank’s reference rate has existed since 1 July 2002, when it replaced what was then known as the discount rate.
| Date (DD/MM/YY) |
Reference rate |
|---|---|
| 1/7/2023 | 3.50 |
| 1/1/2023 | 2.50 |
| 1/7/2022 | 0.50 |
| 1/1/2022 | 0.00 |
| 1/7/2021 | 0.00 |
| 1/1/2021 | 0.00 |
| 1/7/2020 | 0.00 |
| 1/1/2020 | 0.00 |
| 1/7/2019 | 0.00 |
| 1/1/2019 | -0.50 |
| 1/7/2018 | -0.50 |
| 1/1/2018 | -0.50 |
| 1/7/2017 | -0.50 |
| 1/1/2017 | -0.50 |
| 1/7/2016 | -0.50 |
| 1/1/2016 | 0.00 |
| 1/7/2015 | 0,00 |
| 1/1/2015 | 0.00 |
| 1/7/2014 | 1.00 |
| 1/1/2014 | 1.00 |
| 1/7/2013 | 1.00 |
| 1/1/2013 | 1.00 |
| 1/7/2012 | 1.50 |
| 1/1/2012 | 2.00 |
| 1/7/2011 | 2.00 |
| 1/1/2011 | 1.50 |
| 1/7/2010 | 0.50 |
| 1/1/2010 | 0.50 |
| 1/7/2009 | 0.50 |
| 1/1/2009 | 2.00 |
| 1/7/2008 | 4.50 |
| 1/1/2008 | 4.00 |
| 1/7/2007 | 3.50 |
| 1/1/2007 | 3.00 |
| 1/7/2006 | 2.50 |
| 1/1/2006 | 1.50 |
| 1/7/2005 | 1.50 |
| 1/1/2005 | 2.00 |
| 1/7/2004 | 2.00 |
| 1/1/2004 | 3.00 |
| 1/7/2003 | 3.00 |
| 1/1/2003 | 4.00 |
| 1/7/2002 | 4.50 |
SWESTR, transaction-based reference rate
The Riksbank has begun publishing a new, transaction-based reference rate, SWESTR (Swedish krona Short Term Rate).
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