> Riksbank Interest Rate Decision January 2025: Cut 25 bp to 2.25%
> Source: https://interestratedecision.com/riksbank/january-2025/ · Content last changed: 2025-01-29
> InterestRateDecision.com: free to quote with a link to the page above.

Cut 25 bp to 2.25%, as expected (Sveriges Riksbank, Jan 29, 2025). EUR/SEK: hour-before range 124 pips, first spike 29 pips above, −14 pips after one hour.

# Riksbank Interest Rate Decision, January 2025

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

Decision**2.25%**▼ cut −25 bp

Against expected**As expected**expected 2.25%

Previous**2.50%**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](https://interestratedecision.com/about/#method).

1.  **The hour before**EUR/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](https://interestratedecision.com/riksbank/#dates) · [Riksbank overview](https://interestratedecision.com/riksbank/).

← Previous decision**Riksbank, December 2024**Cut 25 bp to 2.50%

[Next decision →**Riksbank, March 2025**Thu, Mar 20, 9:30 AM GMT+1](https://interestratedecision.com/riksbank/march-2025/)

**The same week:** [BoC, Wed, Jan 29](https://interestratedecision.com/boc/january-2025/) · [Fed, Wed, Jan 29](https://interestratedecision.com/fed/january-2025/) · [ECB, Thu, Jan 30](https://interestratedecision.com/ecb/january-2025/) · [this week's decisions](https://interestratedecision.com/this-week/)

**Riksbank:** [Will the Riksbank raise or cut rates?](https://interestratedecision.com/riksbank/will-the-riksbank-raise-rates/) · [Riksbank rate odds](https://interestratedecision.com/riksbank/rate-odds/) · [Riksbank meeting dates 2025](https://interestratedecision.com/riksbank/meeting-dates-2025/) · [Riksbank rate history since 2008](https://interestratedecision.com/riksbank/rate-history/) · [all central bank rates](https://interestratedecision.com/central-bank-rates/)

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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