Interest Rate Decision Riksbank in 22h 13m
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Riksbank Interest Rate Decision, January 2025

The Sveriges Riksbank lowered the policy rate 25 bp to 2.25% on January 29, 2025, as expected.

Decision2.25%▼ cut −25 bp
Against expectedAs expectedexpected 2.25%
Previous2.50%policy rate
EUR/SEK one hour later −14 pips from the last price before

Figures as of Nov 3, 2026, 10:15 AM UTC.

The result

What the Riksbank decided in January 2025

The move −25 bp Cut 25 bp to 2.25%, from 2.50%.
Against expected No surprise Economists expected: cut 25 bp to 2.25%. The decision was as expected.
Timing 9:30 AM GMT+1 Wednesday, January 29, 2025; press conference at 11:00 AM GMT+1.
What price did

EUR/SEK after the Riksbank decision, minute by minute

One-minute candles, Stockholm time. The box is the hour before the announcement. How we measure.

EUR/SEK one-minute chart around the Sveriges Riksbank decision of Jan 29, 2025 The hour before the 09:30 announcement ranged 124 pips. The first spike went above it by 29 pips, and a five-minute candle closed back inside after 5 minutes. 11.45 11.46 11.47 11.48 08:30 09:00 09:30 10:00 10:30 11:00 THE HOUR BEFORE Riksbank 09:30 PRESS CONF. Spike 11.47781 · 29 pips past the hour's high Closed back inside · 5 min
  1. The hour beforeEUR/SEK ranged 124 pips, from 11.46252 to 11.47496, and was at 11.46617 at the announcement.
  2. The first spike After 0 minutes price went through the hour's high and ran 29 pips past it.
  3. The close back A five-minute candle closed back inside the range after 5 minutes.
  4. The other side Price then traded through the opposite edge of the range within four hours.
  5. The moves From the last price before the announcement: +106 pips at 15 minutes, −14 pips at one hour, −100 pips at four hours.
For context

Across 14 measured Riksbank decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 12 (86%), and in 5 of those price then took the other side within four hours. In the other 2 the first move held. Median move in the first 15 minutes: 177 pips.

This decision is one of the closed-back cases. Counts include the decisions where it did not close back. All Riksbank dates · Riksbank overview.

← Previous decisionRiksbank, December 2024Cut 25 bp to 2.50%
Next decision →Riksbank, March 2025Thu, Mar 20, 9:30 AM GMT+1
Questions

Riksbank January 2025 decision: questions

What time was the Riksbank interest rate decision on Jan 29, 2025?

It was announced at 9:30 AM GMT+1 (3:30 AM EST New York, 8:30 AM London London), with the press conference at 11:00 AM GMT+1.

What did the Riksbank decide in January 2025?

Cut 25 bp to 2.25% (previous 2.50%). Economists expected: cut 25 bp to 2.25%, so the decision was as expected.

How did EUR/SEK react to the Riksbank decision in January 2025?

On one-minute candles: the hour before ranged 124 pips; the first spike went above it by 29 pips; a five-minute candle closed back inside after 5 minutes; after one hour EUR/SEK was −14 pips from its pre-announcement price.

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