Sweden interest rate
Sveriges Riksbank
- Policy rate
- 1.75%
- Sep 22, 2026
- Last move
- −0.25 pt
- Oct 2025
- Inflation
- 0.3%
- Aug 2026
- 10-year bond yield
- 3.02%
- Aug 2026
The policy rate set by Sveriges Riksbank is 1.75% as of Sep 22, 2026. Its most recent move: it cut its rate from 2.00% to 1.75% (Oct 2025). The rate is 0.25 percentage points lower than a year earlier. With consumer prices up 0.3% over the 12 months to Aug 2026, the real rate (policy rate minus inflation) is +1.4%: borrowing costs are above inflation.
Policy rate over the past two years
Sep 22, 2026: 1.75%
Rate changes
| When | Decision | From | To | Change |
|---|---|---|---|---|
| Oct 2025 | Cut | 2.00% | 1.75% | −0.25 pt |
| Jun 2025 | Cut | 2.25% | 2.00% | −0.25 pt |
| Feb 2025 | Cut | 2.50% | 2.25% | −0.25 pt |
| Jan 2025 | Cut | 2.75% | 2.50% | −0.25 pt |
| Nov 2024 | Cut | 3.25% | 2.75% | −0.50 pt |
| Oct 2024 | Cut | 3.50% | 3.25% | −0.25 pt |
Changes between month-end rates, plus the latest daily reading. Two decisions in one month show up as a single change.
Inflation (% vs a year earlier)
Aug 2026: 0.3%
10-year government bond yield
Aug 2026: 3.02%
Other central banks in Europe
Source: BIS; inflation: IMF CPI; bond yield: OECD. Updated daily. All central bank rates · Sweden economy dashboard