> Riksbank Interest Rate History Since 2008
> Source: https://interestratedecision.com/riksbank/rate-history/ · Content last changed: 2026-09-24
> InterestRateDecision.com: free to quote with a link to the page above.

Riksbank rate now 1.75%. All 92 decisions since 2008 with chart, hiking and cutting cycles, the rate by year, the consensus and a CSV download.

# 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 now**1.75%**policy rate

Last change**−25 bp**Sep 23, 2025

Since 2008**10▲ 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.

[Download CSV](https://interestratedecision.com/riksbank/rate-history.csv)

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.

| Cycle | From | To | Moves | In all | Rate |
| --- | --- | --- | --- | --- | --- |
| ▼ 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.

| Year | Decisions | Hikes | Cuts | Holds | Net change | Year end |
| --- | --- | --- | --- | --- | --- | --- |
| **[2026](https://interestratedecision.com/riksbank/meeting-dates-2026/)** so far | 6 | — | — | 6 | 0 bp | **1.75%** |
| **[2025](https://interestratedecision.com/riksbank/meeting-dates-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

Highest**4.25%**first set Oct 8, 2008

Lowest**\-0.50%**first set Feb 11, 2016

Biggest move**−225 bp**Sep 7, 2011, to 2.00%

Longest hold**17**decisions in a row with no change, Apr 21, 2016 to Oct 24, 2018

Against the consensus**51/55**matched 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.

[Download CSV](https://interestratedecision.com/riksbank/rate-history.csv)

| Date | Decision | Rate | Change | Expected |
| --- | --- | --- | --- | --- |
| [**Sep 24, 2026**](https://interestratedecision.com/riksbank/september-2026/) | ■ hold | **1.75%** | 0 bp | 1.75% |
| [**Aug 20, 2026**](https://interestratedecision.com/riksbank/august-2026/) | ■ hold | **1.75%** | 0 bp | 1.75% |
| [**Jun 17, 2026**](https://interestratedecision.com/riksbank/june-2026/) | ■ hold | **1.75%** | 0 bp | 1.75% |
| [**May 7, 2026**](https://interestratedecision.com/riksbank/may-2026/) | ■ hold | **1.75%** | 0 bp | 1.75% |
| [**Mar 19, 2026**](https://interestratedecision.com/riksbank/march-2026/) | ■ hold | **1.75%** | 0 bp | 1.75% |
| [**Jan 29, 2026**](https://interestratedecision.com/riksbank/january-2026/) | ■ hold | **1.75%** | 0 bp | 1.75% |
| [**Dec 18, 2025**](https://interestratedecision.com/riksbank/december-2025/) | ■ hold | **1.75%** | 0 bp | 1.75% |
| [**Nov 5, 2025**](https://interestratedecision.com/riksbank/november-2025/) | ■ hold | **1.75%** | 0 bp | 1.75% |
| [**Sep 23, 2025**](https://interestratedecision.com/riksbank/september-2025/) | ▼ cut | **1.75%** | −25 bp | 2.00% |
| [**Aug 20, 2025**](https://interestratedecision.com/riksbank/august-2025/) | ■ hold | **2.00%** | 0 bp | 2.00% |
| [**Jun 18, 2025**](https://interestratedecision.com/riksbank/june-2025/) | ▼ cut | **2.00%** | −25 bp | 2.00% |
| [**May 8, 2025**](https://interestratedecision.com/riksbank/may-2025/) | ■ hold | **2.25%** | 0 bp | 2.25% |
| [**Mar 20, 2025**](https://interestratedecision.com/riksbank/march-2025/) | ■ hold | **2.25%** | 0 bp | 2.25% |
| [**Jan 29, 2025**](https://interestratedecision.com/riksbank/january-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](https://www.riksbank.se/en-gb/press-and-published/calendar/) before relying on it.

[Next decision**Riksbank interest rate decision**Nov 4, 2026, 9:30 AM GMT+1](https://interestratedecision.com/riksbank/) [Calendar**Riksbank meeting dates 2026**every decision of the year, with times](https://interestratedecision.com/riksbank/meeting-dates-2026/)[Calendar**Riksbank meeting dates 2027**every decision of the year, with times](https://interestratedecision.com/riksbank/meeting-dates-2027/) [All banks**Central bank rates today**the ten banks side by side](https://interestratedecision.com/central-bank-rates/)

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](https://interestratedecision.com/riksbank/rate-history.csv).

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