> Riksbank Interest Rate Decision: Next Meeting Nov 4, 2026
> Source: https://interestratedecision.com/riksbank/ · Content last changed: 2026-09-24
> InterestRateDecision.com: free to quote with a link to the page above.

Riksbank interest rate: 1.75%, last move −25 bp on Sep 23, 2025. Next decision Nov 4, 2026, 9:30 AM GMT+1; expected: hike 25 bp to 2.00%. Dates, times, and…

# 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, 10:15 AM UTC.

Rate now **1.75%** policy rate

Last move **−25 bp** ▼ cut · Sep 23, 2025

Next decision **Wed, Nov 4** in 22h 13m · 9:30 AM GMT+1

Expected **Hike 25 bp to 2.00%** economists’ consensus

[Cut **<1%** Hold **8%** Hike **92%**](https://interestratedecision.com/riksbank/rate-odds/)

Next decision

## Riksbank interest rate decision on Nov 4, 2026

Sveriges Riksbank · Executive Board

[Preview and EUR/SEK projection](https://interestratedecision.com/riksbank/november-2026/)

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%

A ▼ Runs 10.96896 (Tue, Nov 3 high), closes back, then 10.95372

B ▲ Runs 10.95372 (Last week's low), closes back, then 10.96896

Where to look, not a promise: most days one of the two plays and some days neither does. Levels from real 15-minute candles.

[Vote on the next decision →](https://interestratedecision.com/riksbank/november-2026/#vote)

What price does

## 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](https://interestratedecision.com/about/#method).

**14**decisions measured

**12/14**closed back inside the hour-before range within the hour

**5/14**then took the other side within four hours (5 of the 12 that closed back)

**177pips**median move in the first 15 minutes

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.

EUR/SEK · one-minute candles · Stockholm time **Latest measured: Sep 24, 2026, held at 1.75%, as expected**

[Open this decision →](https://interestratedecision.com/riksbank/september-2026/)

| Date | Decision | Against expected | Hour before | First side | Closed back | After 60 min |
| --- | --- | --- | --- | --- | --- | --- |
| [**Sep 24, 2026**](https://interestratedecision.com/riksbank/september-2026/) | ■ hold 1.75% | as expected | 177 pips | ▼ 299 pips | 60 min | +73 pips |
| [**Aug 20, 2026**](https://interestratedecision.com/riksbank/august-2026/) | ■ hold 1.75% | as expected | 117 pips | ▲ 3.0 pips | 5 min | +367 pips |
| [**Jun 17, 2026**](https://interestratedecision.com/riksbank/june-2026/) | ■ hold 1.75% | as expected | 114 pips | ▲ 58 pips | 10 min | +268 pips |
| [**May 7, 2026**](https://interestratedecision.com/riksbank/may-2026/) | ■ hold 1.75% | as expected | 187 pips | ▼ 15 pips | 25 min | −1.0 pips |
| [**Mar 19, 2026**](https://interestratedecision.com/riksbank/march-2026/) | ■ hold 1.75% | as expected | 202 pips | ▼ 657 pips | 20 min | +66 pips |
| [**Jan 29, 2026**](https://interestratedecision.com/riksbank/january-2026/) | ■ hold 1.75% | as expected | 198 pips | ▲ 0.9 pips | 10 min | +178 pips |
| [**Dec 18, 2025**](https://interestratedecision.com/riksbank/december-2025/) | ■ hold 1.75% | as expected | 220 pips | ▼ 23 pips | 5 min | +109 pips |
| [**Nov 5, 2025**](https://interestratedecision.com/riksbank/november-2025/) | ■ hold 1.75% | as expected | 137 pips | ▼ 136 pips | No | −129 pips |
| [**Sep 23, 2025**](https://interestratedecision.com/riksbank/september-2025/) | ▼ cut 1.75% | 25 bp more dovish than expected | 353 pips | ▲ 187 pips | 5 min | +47 pips |
| [**Aug 20, 2025**](https://interestratedecision.com/riksbank/august-2025/) | ■ hold 2.00% | as expected | 228 pips | ▼ 89 pips | No | −163 pips |
| [**Jun 18, 2025**](https://interestratedecision.com/riksbank/june-2025/) | ▼ cut 2.00% | as expected | 321 pips | ▲ 169 pips | 5 min | +216 pips |
| [**May 8, 2025**](https://interestratedecision.com/riksbank/may-2025/) | ■ hold 2.25% | as expected | 170 pips | ▲ 7.8 pips | 5 min | −34 pips |
| [**Mar 20, 2025**](https://interestratedecision.com/riksbank/march-2025/) | ■ hold 2.25% | as expected | 257 pips | ▲ 33 pips | 15 min | +303 pips |
| [**Jan 29, 2025**](https://interestratedecision.com/riksbank/january-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.

Recent decisions

## 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](https://interestratedecision.com/riksbank/rate-history/) has every decision, the cycles and a CSV.

policy rate since 2024

| Date | Decision | Rate | Expected | Previous | Change |
| --- | --- | --- | --- | --- | --- |
| [**Sep 24, 2026**](https://interestratedecision.com/riksbank/september-2026/) | ■ hold | **1.75%** | Hold at 1.75% | 1.75% | 0 bp |
| [**Aug 20, 2026**](https://interestratedecision.com/riksbank/august-2026/) | ■ hold | **1.75%** | Hold at 1.75% | 1.75% | 0 bp |
| [**Jun 17, 2026**](https://interestratedecision.com/riksbank/june-2026/) | ■ hold | **1.75%** | Hold at 1.75% | 1.75% | 0 bp |
| [**May 7, 2026**](https://interestratedecision.com/riksbank/may-2026/) | ■ hold | **1.75%** | Hold at 1.75% | 1.75% | 0 bp |
| [**Mar 19, 2026**](https://interestratedecision.com/riksbank/march-2026/) | ■ hold | **1.75%** | Hold at 1.75% | 1.75% | 0 bp |
| [**Jan 29, 2026**](https://interestratedecision.com/riksbank/january-2026/) | ■ hold | **1.75%** | Hold at 1.75% | 1.75% | 0 bp |
| [**Dec 18, 2025**](https://interestratedecision.com/riksbank/december-2025/) | ■ hold | **1.75%** | Hold at 1.75% | 1.75% | 0 bp |
| [**Nov 5, 2025**](https://interestratedecision.com/riksbank/november-2025/) | ■ hold | **1.75%** | Hold at 1.75% | 1.75% | 0 bp |
| [**Sep 23, 2025**](https://interestratedecision.com/riksbank/september-2025/) | ▼ cut | **1.75%** | Hold at 2.00% | 2.00% | −25 bp |
| [**Aug 20, 2025**](https://interestratedecision.com/riksbank/august-2025/) | ■ hold | **2.00%** | Hold at 2.00% | 2.00% | 0 bp |
| [**Jun 18, 2025**](https://interestratedecision.com/riksbank/june-2025/) | ▼ cut | **2.00%** | Cut 25 bp to 2.00% | 2.25% | −25 bp |
| [**May 8, 2025**](https://interestratedecision.com/riksbank/may-2025/) | ■ hold | **2.25%** | Hold at 2.25% | 2.25% | 0 bp |
| [**Mar 20, 2025**](https://interestratedecision.com/riksbank/march-2025/) | ■ hold | **2.25%** | Hold at 2.25% | 2.25% | 0 bp |
| [**Jan 29, 2025**](https://interestratedecision.com/riksbank/january-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 it works

## 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](https://www.riksbank.se/en-gb/press-and-published/calendar/).

What to watch

-   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.

Calendar

## Riksbank meeting dates 2026 and 2027

[Will the Riksbank raise or cut rates?](https://interestratedecision.com/riksbank/will-the-riksbank-raise-rates/) · [Riksbank rate odds by meeting](https://interestratedecision.com/riksbank/rate-odds/). 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](https://interestratedecision.com/riksbank/meeting-dates-2025/) · [Riksbank meeting dates 2026](https://interestratedecision.com/riksbank/meeting-dates-2026/) · [Riksbank meeting dates 2027](https://interestratedecision.com/riksbank/meeting-dates-2027/).

[Download .ics](https://interestratedecision.com/riksbank.ics) [Subscribe (webcal)](webcal://interestratedecision.com/riksbank.ics)

| Date | Stockholm time | New York | Expected | With projections |  |
| --- | --- | --- | --- | --- | --- |
| **Wed, Nov 4, 2026** | 9:30 AM GMT+1 | Wed, Nov 4 · 3:30 AM EST | Hike 25 bp to 2.00% | — | [Preview →](https://interestratedecision.com/riksbank/november-2026/) |
| **Wed, Dec 16, 2026** | 9:30 AM GMT+1 | Wed, Dec 16 · 3:30 AM EST | Not yet | — | [Preview →](https://interestratedecision.com/riksbank/december-2026/) |

Questions

## 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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