Will the Riksbank raise rates in November 2026?
Economists expect a rise. The consensus for the Nov 4, 2026 decision is: hike 25 bp to 2.00%, against 1.75% now.
Figures as of Nov 3, 2026, 10:15 AM UTC.
What the data says
The latest run of moves was 8 cuts totalling 225 bp, from May 8, 2024 to Sep 23, 2025.
At its latest decision, on Sep 24, 2026, the Riksbank: held at 1.75%, as expected.
Since 2017 the Riksbank matched the consensus in 51 of the 55 decisions the calendar has one for, came out above it in 2 and below it in 2. That is a record of the consensus. The Riksbank rate odds turn the same record into the chance of each move at each meeting, with how right they have been.
Read the full preview on the Riksbank November 2026 decision page, the Riksbank rate history since 2008, or every central bank's rate today.
The next Riksbank decisions
| Date | Time | Expected |
|---|---|---|
| Nov 4, 2026 | 9:30 AM GMT+1 | Hike 25 bp to 2.00% |
| Dec 16, 2026 | 9:30 AM GMT+1 | No consensus yet |
The last 8 Riksbank decisions against the consensus
| Date | Decision | Against expected |
|---|---|---|
| Sep 24, 2026 | hold 1.75% | as expected |
| Aug 20, 2026 | hold 1.75% | as expected |
| Jun 17, 2026 | hold 1.75% | as expected |
| May 7, 2026 | hold 1.75% | as expected |
| Mar 19, 2026 | hold 1.75% | as expected |
| Jan 29, 2026 | hold 1.75% | as expected |
| Dec 18, 2025 | hold 1.75% | as expected |
| Nov 5, 2025 | hold 1.75% | as expected |
Riksbank rates: questions
Will the Riksbank raise rates in November 2026?
Economists expect a rise. The consensus for the Nov 4, 2026 decision is: hike 25 bp to 2.00%, against 1.75% now. This is what economists expect, not a promise of what the bank will do.
Will the Riksbank cut rates in November 2026?
A cut is not the consensus for the next decision: hike 25 bp to 2.00%. The last move was cut 25 bp to 1.75% on Sep 23, 2025.
When is the next Riksbank decision?
Wednesday, November 4, 2026 at 9:30 AM GMT+1. The press conference follows at 11:00 AM GMT+1.
How often is the consensus right about the Riksbank?
Since 2017 the Riksbank matched the consensus in 51 of the 55 decisions the calendar has one for, came out above it in 2 and below it in 2. Agreement on the number does not say how price reacts: an expected move is usually already in the price.
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