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Riksbank Interest Rate Decision
The Executive Board sets the policy rate. The next decision is on Wednesday, November 4, 2026 at 9:30 AM GMT+1; economists expect: hike 25 bp to 2.00%.
Figures as of Nov 3, 2026, 8:20 AM UTC.
Riksbank interest rate decision on Nov 4, 2026
Sveriges Riksbank · Executive Board
- Stockholm
- Wed, Nov 4 · 9:30 AM GMT+1
- New York
- Wed, Nov 4 · 3:30 AM EST
- London
- Wed, Nov 4 · 8:30 AM London
- UTC
- Wed, Nov 4 · 8:30 AM UTC
- Your time
- 8:30 AM UTC
- Press conference
- 11:00 AM GMT+1
- Projections
- No projections this time
- Expected
- Hike 25 bp to 2.00%
Where to look, not a promise: most days one of the two plays and some days neither does. Levels from real 15-minute candles.
How EUR/SEK reacts to the Riksbank decision
Measured on one-minute candles, every decision since January 2025, the same way each time. How we measure.
In 12 of 14 measured Riksbank decisions the first spike closed back inside the hour-before range within 60 minutes, and in 5 of those price then took the other side within four hours. In the other 2 (14%) the first move held. The median move in the first 15 minutes was 177 pips.
| Date | Decision | Against expected | Hour before | First side | Closed back | After 60 min |
|---|---|---|---|---|---|---|
| Sep 24, 2026 | ■ hold 1.75% | as expected | 177 pips | ▼ 299 pips | 60 min | +73 pips |
| Aug 20, 2026 | ■ hold 1.75% | as expected | 117 pips | ▲ 3.0 pips | 5 min | +367 pips |
| Jun 17, 2026 | ■ hold 1.75% | as expected | 114 pips | ▲ 58 pips | 10 min | +268 pips |
| May 7, 2026 | ■ hold 1.75% | as expected | 187 pips | ▼ 15 pips | 25 min | −1.0 pips |
| Mar 19, 2026 | ■ hold 1.75% | as expected | 202 pips | ▼ 657 pips | 20 min | +66 pips |
| Jan 29, 2026 | ■ hold 1.75% | as expected | 198 pips | ▲ 0.9 pips | 10 min | +178 pips |
| Dec 18, 2025 | ■ hold 1.75% | as expected | 220 pips | ▼ 23 pips | 5 min | +109 pips |
| Nov 5, 2025 | ■ hold 1.75% | as expected | 137 pips | ▼ 136 pips | No | −129 pips |
| Sep 23, 2025 | ▼ cut 1.75% | 25 bp more dovish than expected | 353 pips | ▲ 187 pips | 5 min | +47 pips |
| Aug 20, 2025 | ■ hold 2.00% | as expected | 228 pips | ▼ 89 pips | No | −163 pips |
| Jun 18, 2025 | ▼ cut 2.00% | as expected | 321 pips | ▲ 169 pips | 5 min | +216 pips |
| May 8, 2025 | ■ hold 2.25% | as expected | 170 pips | ▲ 7.8 pips | 5 min | −34 pips |
| Mar 20, 2025 | ■ hold 2.25% | as expected | 257 pips | ▲ 33 pips | 15 min | +303 pips |
| Jan 29, 2025 | ▼ cut 2.25% | as expected | 124 pips | ▲ 29 pips | 5 min | −14 pips |
Counts include the decisions where the first spike did not close back. Up and down are the pair EUR/SEK. Past reactions describe what happened; they are not a forecast.
Riksbank rate decisions since 2024
Every Riksbank decision on the policy rate since 2024, newest first. Between 1.75% and 4.00% over the period. The full Riksbank rate history since 2008 has every decision, the cycles and a CSV.
| Date | Decision | Rate | Expected | Previous | Change |
|---|---|---|---|---|---|
| Sep 24, 2026 | ■ hold | 1.75% | Hold at 1.75% | 1.75% | 0 bp |
| Aug 20, 2026 | ■ hold | 1.75% | Hold at 1.75% | 1.75% | 0 bp |
| Jun 17, 2026 | ■ hold | 1.75% | Hold at 1.75% | 1.75% | 0 bp |
| May 7, 2026 | ■ hold | 1.75% | Hold at 1.75% | 1.75% | 0 bp |
| Mar 19, 2026 | ■ hold | 1.75% | Hold at 1.75% | 1.75% | 0 bp |
| Jan 29, 2026 | ■ hold | 1.75% | Hold at 1.75% | 1.75% | 0 bp |
| Dec 18, 2025 | ■ hold | 1.75% | Hold at 1.75% | 1.75% | 0 bp |
| Nov 5, 2025 | ■ hold | 1.75% | Hold at 1.75% | 1.75% | 0 bp |
| Sep 23, 2025 | ▼ cut | 1.75% | Hold at 2.00% | 2.00% | −25 bp |
| Aug 20, 2025 | ■ hold | 2.00% | Hold at 2.00% | 2.00% | 0 bp |
| Jun 18, 2025 | ▼ cut | 2.00% | Cut 25 bp to 2.00% | 2.25% | −25 bp |
| May 8, 2025 | ■ hold | 2.25% | Hold at 2.25% | 2.25% | 0 bp |
| Mar 20, 2025 | ■ hold | 2.25% | Hold at 2.25% | 2.25% | 0 bp |
| Jan 29, 2025 | ▼ cut | 2.25% | Cut 25 bp to 2.25% | 2.50% | −25 bp |
| Dec 19, 2024 | ▼ cut | 2.50% | Cut 25 bp to 2.50% | 2.75% | −25 bp |
| Nov 7, 2024 | ▼ cut | 2.75% | Cut 50 bp to 2.75% | 3.25% | −50 bp |
| Sep 25, 2024 | ▼ cut | 3.25% | Cut 25 bp to 3.25% | 3.50% | −25 bp |
| Aug 20, 2024 | ▼ cut | 3.50% | Cut 25 bp to 3.50% | 3.75% | −25 bp |
| Jun 27, 2024 | ■ hold | 3.75% | — | 3.75% | 0 bp |
| May 8, 2024 | ▼ cut | 3.75% | Cut 25 bp to 3.75% | 4.00% | −25 bp |
| Mar 27, 2024 | ■ hold | 4.00% | Hold at 4.00% | 4.00% | 0 bp |
| Feb 1, 2024 | ■ hold | 4.00% | Hold at 4.00% | 4.00% | 0 bp |
How the Executive Board decides
Sveriges Riksbank · Sweden
- Meetings
- Eight monetary policy decisions a year.
- Announcement
- The decision is published at 9:30 am Stockholm time, the day after the meeting.
- Press conference
- The press conference starts at 11:00 am Stockholm time.
- Projections
- Some decisions come with a full Monetary Policy Report and its forecasts, the others with a shorter Monetary Policy Update.
- Who votes
- The members of the Executive Board, led by the Governor.
Check times against the bank's own calendar.
- The decision against what was expected.
- The rate path in the report or update: it shows where the Board itself expects the rate to go.
- What the Board says about the krona, which feeds into Swedish inflation.
Which way EUR/SEK moves. SEK is the second currency in EUR/SEK, so a hawkish surprise (a bigger hike, a smaller cut, a hold when a cut was expected) tends to push EUR/SEK down, and a dovish one to push it up.
Riksbank meeting dates 2026 and 2027
Will the Riksbank raise or cut rates? · Riksbank rate odds by meeting. Every upcoming Riksbank interest rate decision. Times in Stockholm and New York; your own time is on each decision's page. By year: Riksbank meeting dates 2025 · Riksbank meeting dates 2026 · Riksbank meeting dates 2027.
Riksbank interest rate decision: questions
What time is the Riksbank interest rate decision?
9:30 am Stockholm time, with the press conference at 11:00 am.
When is the next Riksbank meeting?
The next Riksbank interest rate decision is on Wednesday, November 4, 2026 at 9:30 AM GMT+1, with the press conference at 11:00 AM GMT+1. Times are in Stockholm time; the meeting dates below give the rest of the schedule.
What is the Riksbank interest rate now?
The policy rate is 1.75%. The last change was a cut of 25 bp on Sep 23, 2025.
How does the Riksbank decision move EUR/SEK?
In 12 of 14 measured Riksbank decisions the first spike closed back inside the hour-before range within 60 minutes, and in 5 of those price then took the other side within four hours. In the other 2 (14%) the first move held. The median move in the first 15 minutes was 177 pips. SEK is the second currency in EUR/SEK, so a hawkish surprise (a bigger hike, a smaller cut, a hold when a cut was expected) tends to push EUR/SEK down, and a dovish one to push it up. Past reactions describe what happened, not what will.
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