Interest Rate Decision Riksbank in 1d 0h
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Riksbank Interest Rate History

The Sveriges Riksbank's policy rate is 1.75% after the decision of Sep 24, 2026. The calendar lists 92 Riksbank decisions since Oct 8, 2008: 10 hikes, 20 cuts and 62 holds; the last change was −25 bp on Sep 23, 2025.

Rate now1.75%policy rate
Last change−25 bpSep 23, 2025
Since 200810▲ 20▼hikes and cuts in 92 decisions
Range-0.50% to 4.25%lowest to highest
The chart

Riksbank Interest Rate since 2008

Each step is a decision. Shaded: the hiking cycles in red and the cutting cycles in green.

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Riksbank Interest Rate since 2008 Riksbank Interest Rate from 2008 to today, as a step line. Highest 4.25% (Oct 8, 2008), lowest -0.50% (Feb 11, 2016), now 1.75%. Shaded: hiking (red) and cutting (green) cycles. -1% 0% 1% 2% 3% 4% 5% 2009 2011 2013 2015 2017 2019 2021 2023 2025 1.75%
Cycles

Riksbank hiking and cutting cycles since 2008

A cycle is a run of moves in one direction, with holds between them; a move the other way starts the next.

CycleFromToMovesIn allRate
▼ Cutting latest May 8, 2024 Sep 23, 2025 8 −225 bp 4.00% → 1.75%
▲ Hiking Dec 20, 2018 Sep 21, 2023 10 +450 bp -0.50% → 4.00%
▼ Cutting Oct 8, 2008 Feb 11, 2016 12 −525 bp 4.75% → -0.50%
By year

Riksbank Interest Rate by year

How many times the Riksbank met in each year, what it did, and where the rate ended the year.

YearDecisionsHikesCutsHoldsNet changeYear end
2026 so far 6 — — 6 0 bp 1.75%
2025 8 — 3 5 −75 bp 1.75%
2024 8 — 5 3 −150 bp 2.50%
2023 5 4 — 1 +150 bp 4.00%
2022 5 4 — 1 +250 bp 2.50%
2021 5 — — 5 0 bp 0.00%
2020 5 — — 5 0 bp 0.00%
2019 6 1 — 5 +25 bp 0.00%
2018 7 1 — 6 +25 bp -0.25%
2017 6 — — 6 0 bp -0.50%
2016 6 — 1 5 −15 bp -0.50%
2015 7 — 3 4 −35 bp -0.35%
2014 6 — 2 4 −75 bp 0.00%
2013 5 — 1 4 −25 bp 0.75%
2012 5 — 3 2 −100 bp 1.00%
2011 1 — 1 — −225 bp 2.00%
2008 1 — 1 — −50 bp 4.25%
Records

The Riksbank's records since 2008

Highest4.25%first set Oct 8, 2008
Lowest-0.50%first set Feb 11, 2016
Biggest move−225 bpSep 7, 2011, to 2.00%
Longest hold17decisions in a row with no change, Apr 21, 2016 to Oct 24, 2018
Against the consensus51/55matched it; 2 came out above (hawkish), 2 below (dovish)
Every decision

Every Riksbank interest rate decision since 2008

Newest first. The decisions since 2025 open on their own page, with the minutes of price around them.

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DateDecision Rate ChangeExpected
Sep 24, 2026 ■ hold 1.75% 0 bp 1.75%
Aug 20, 2026 ■ hold 1.75% 0 bp 1.75%
Jun 17, 2026 ■ hold 1.75% 0 bp 1.75%
May 7, 2026 ■ hold 1.75% 0 bp 1.75%
Mar 19, 2026 ■ hold 1.75% 0 bp 1.75%
Jan 29, 2026 ■ hold 1.75% 0 bp 1.75%
Dec 18, 2025 ■ hold 1.75% 0 bp 1.75%
Nov 5, 2025 ■ hold 1.75% 0 bp 1.75%
Sep 23, 2025 ▼ cut 1.75% −25 bp 2.00%
Aug 20, 2025 ■ hold 2.00% 0 bp 2.00%
Jun 18, 2025 ▼ cut 2.00% −25 bp 2.00%
May 8, 2025 ■ hold 2.25% 0 bp 2.25%
Mar 20, 2025 ■ hold 2.25% 0 bp 2.25%
Jan 29, 2025 ▼ cut 2.25% −25 bp 2.25%
Dec 19, 2024 ▼ cut 2.50% −25 bp 2.50%
Nov 7, 2024 ▼ cut 2.75% −50 bp 2.75%
Sep 25, 2024 ▼ cut 3.25% −25 bp 3.25%
Aug 20, 2024 ▼ cut 3.50% −25 bp 3.50%
Jun 27, 2024 ■ hold 3.75% 0 bp —
May 8, 2024 ▼ cut 3.75% −25 bp 3.75%
Mar 27, 2024 ■ hold 4.00% 0 bp 4.00%
Feb 1, 2024 ■ hold 4.00% 0 bp 4.00%
Nov 23, 2023 ■ hold 4.00% 0 bp 4.25%
Sep 21, 2023 ▲ hike 4.00% +25 bp 4.00%
Jun 29, 2023 ▲ hike 3.75% +25 bp 3.75%
Apr 26, 2023 ▲ hike 3.50% +50 bp 3.50%
Feb 9, 2023 ▲ hike 3.00% +50 bp 3.00%
Nov 24, 2022 ▲ hike 2.50% +75 bp 2.50%
Sep 20, 2022 ▲ hike 1.75% +100 bp 1.50%
Jun 30, 2022 ▲ hike 0.75% +50 bp 0.75%
Apr 28, 2022 ▲ hike 0.25% +25 bp 0.00%
Feb 10, 2022 ■ hold 0.00% 0 bp 0.00%
Nov 25, 2021 ■ hold 0.00% 0 bp 0.00%
Sep 21, 2021 ■ hold 0.00% 0 bp —
Jul 1, 2021 ■ hold 0.00% 0 bp 0.00%
Apr 27, 2021 ■ hold 0.00% 0 bp 0.00%
Feb 10, 2021 ■ hold 0.00% 0 bp 0.00%
Nov 26, 2020 ■ hold 0.00% 0 bp 0.00%
Sep 22, 2020 ■ hold 0.00% 0 bp 0.00%
Jul 1, 2020 ■ hold 0.00% 0 bp 0.00%
Apr 28, 2020 ■ hold 0.00% 0 bp 0.00%
Feb 12, 2020 ■ hold 0.00% 0 bp 0.00%
Dec 19, 2019 ▲ hike 0.00% +25 bp 0.00%
Oct 24, 2019 ■ hold -0.25% 0 bp -0.25%
Sep 5, 2019 ■ hold -0.25% 0 bp -0.25%
Jul 3, 2019 ■ hold -0.25% 0 bp -0.25%
Apr 25, 2019 ■ hold -0.25% 0 bp -0.25%
Feb 13, 2019 ■ hold -0.25% 0 bp -0.25%
Dec 20, 2018 ▲ hike -0.25% +25 bp —
Oct 24, 2018 ■ hold -0.50% 0 bp -0.50%
Sep 6, 2018 ■ hold -0.50% 0 bp -0.50%
Jul 3, 2018 ■ hold -0.50% 0 bp -0.50%
Jun 3, 2018 ■ hold -0.50% 0 bp —
Apr 26, 2018 ■ hold -0.50% 0 bp -0.50%
Feb 14, 2018 ■ hold -0.50% 0 bp -0.50%
Dec 20, 2017 ■ hold -0.50% 0 bp -0.50%
Oct 26, 2017 ■ hold -0.50% 0 bp -0.50%
Sep 7, 2017 ■ hold -0.50% 0 bp -0.50%
The calendar misses a decision here: one moved the rate from -0.50% to -0.60%.
Jul 4, 2017 ■ hold -0.50% 0 bp -0.50%
Apr 27, 2017 ■ hold -0.50% 0 bp —
Feb 15, 2017 ■ hold -0.50% 0 bp —
Dec 21, 2016 ■ hold -0.50% 0 bp —
Oct 27, 2016 ■ hold -0.50% 0 bp —
Sep 7, 2016 ■ hold -0.50% 0 bp —
Jul 6, 2016 ■ hold -0.50% 0 bp —
Apr 21, 2016 ■ hold -0.50% 0 bp —
Feb 11, 2016 ▼ cut -0.50% −15 bp —
Dec 15, 2015 ■ hold -0.35% 0 bp —
Oct 28, 2015 ■ hold -0.35% 0 bp —
Sep 3, 2015 ■ hold -0.35% 0 bp —
Jul 2, 2015 ▼ cut -0.35% −10 bp —
Apr 29, 2015 ■ hold -0.25% 0 bp —
Mar 18, 2015 ▼ cut -0.25% −15 bp —
Feb 12, 2015 ▼ cut -0.10% −10 bp —
Dec 16, 2014 ■ hold 0.00% 0 bp —
Oct 28, 2014 ▼ cut 0.00% −25 bp —
Sep 4, 2014 ■ hold 0.25% 0 bp —
Jul 3, 2014 ▼ cut 0.25% −50 bp —
Apr 9, 2014 ■ hold 0.75% 0 bp —
Feb 13, 2014 ■ hold 0.75% 0 bp —
Dec 17, 2013 ▼ cut 0.75% −25 bp —
Oct 24, 2013 ■ hold 1.00% 0 bp —
Sep 5, 2013 ■ hold 1.00% 0 bp —
Apr 17, 2013 ■ hold 1.00% 0 bp —
Feb 13, 2013 ■ hold 1.00% 0 bp —
Dec 18, 2012 ▼ cut 1.00% −25 bp —
Oct 25, 2012 ■ hold 1.25% 0 bp —
Sep 6, 2012 ▼ cut 1.25% −25 bp —
Jul 4, 2012 ■ hold 1.50% 0 bp —
Feb 16, 2012 ▼ cut 1.50% −50 bp —
The calendar misses a decision here: one moved the rate from 2.00% to 1.75%.
Sep 7, 2011 ▼ cut 2.00% −225 bp —
The calendar misses a decision here: one moved the rate from 4.25% to 2.00%.
Oct 8, 2008 ▼ cut 4.25% −50 bp —

Source: FXStreet's economic calendar, read automatically. Expected is the economists' consensus where one was published. Check a figure against the Riksbank's own site before relying on it.

Next decisionRiksbank interest rate decisionNov 4, 2026, 9:30 AM GMT+1 CalendarRiksbank meeting dates 2026every decision of the year, with timesCalendarRiksbank meeting dates 2027every decision of the year, with times All banksCentral bank rates todaythe ten banks side by side
Questions

Riksbank Interest Rate history: questions

What is the Riksbank interest rate now?

1.75%, set on Thursday, September 24, 2026. The next decision is on Wednesday, November 4, 2026 at 9:30 AM GMT+1.

When did the Riksbank last change interest rates?

On Sep 23, 2025, a cut of 25 bp to 1.75%.

What is the highest the policy rate has been since 2008?

4.25%, first set on Oct 8, 2008. The lowest was -0.50%, first set on Feb 11, 2016.

How many times did the Riksbank cut rates in its latest cycle?

8 times, −225 bp in all, from May 8, 2024 to Sep 23, 2025. The hiking cycle before it made 10 moves, +450 bp, from Dec 20, 2018 to Sep 21, 2023.

How often does the Riksbank surprise the market?

Of the 55 Riksbank decisions with a published consensus since Jul 4, 2017, 51 matched it, 2 came out above it (more hawkish than expected) and 2 below it (more dovish).

Where does this data come from?

FXStreet's economic calendar, read automatically and never typed by hand, and refreshed after every decision. The calendar misses a few meetings; where a missed one changed the rate, the table says so. Download it all as CSV.

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