Interest Rate Decision Riksbank in 1d 0h
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Riksbank Interest Rate Decision, September 2025

The Sveriges Riksbank lowered the policy rate 25 bp to 1.75% on September 23, 2025, 25 bp more dovish than expected.

Decision1.75%▼ cut −25 bp
Against expected25 bp more dovish than expectedexpected 2.00%
Previous2.00%policy rate
EUR/SEK one hour later +47 pips from the last price before

Figures as of Nov 3, 2026, 8:20 AM UTC.

The result

What the Riksbank decided in September 2025

The move −25 bp Cut 25 bp to 1.75%, from 2.00%.
Against expected −25 bp Economists expected: hold at 2.00%. The decision was 25 bp more dovish than expected.
Timing 9:30 AM GMT+2 Tuesday, September 23, 2025; press conference at 11:00 AM GMT+2.
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 Sep 23, 2025 The hour before the 09:30 announcement ranged 353 pips. The first spike went above it by 187 pips, and a five-minute candle closed back inside after 5 minutes. 11.00 11.02 11.04 11.06 08:30 09:00 09:30 10:00 10:30 11:00 THE HOUR BEFORE Riksbank 09:30 PRESS CONF. Spike 11.07043 · 187 pips past the hour's high Closed back inside · 5 min
  1. The hour beforeEUR/SEK ranged 353 pips, from 11.01638 to 11.05170, and was at 11.01638 at the announcement.
  2. The first spike After 0 minutes price went through the hour's high and ran 187 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: +262 pips at 15 minutes, +47 pips at one hour, −380 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, August 2025Held at 2.00% Next decision →Riksbank, November 2025Wed, Nov 5, 9:30 AM GMT+1
Questions

Riksbank September 2025 decision: questions

What time was the Riksbank interest rate decision on Sep 23, 2025?

It was announced at 9:30 AM GMT+2 (3:30 AM EDT New York, 8:30 AM London London), with the press conference at 11:00 AM GMT+2.

What did the Riksbank decide in September 2025?

Cut 25 bp to 1.75% (previous 2.00%). Economists expected: hold at 2.00%, so the decision was 25 bp more dovish than expected.

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

On one-minute candles: the hour before ranged 353 pips; the first spike went above it by 187 pips; a five-minute candle closed back inside after 5 minutes; after one hour EUR/SEK was +47 pips from its pre-announcement price.

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