RIKSBANK minus ECB (SEK/EUR)
• Coverage: 1999–2026
Sweden Riksbank vs. ECB Interest Rate Spread (1999–2026)
Historical policy rate spread between the Sveriges Riksbank (RIKSBANK Policy Rate) and the European Central Bank (ECB Policy Rate). As of Sep 2026, RIKSBANK stands at 1.75% vs. ECB at 2.50%, resulting in a bilateral policy rate differential of -75 bps (-0.75 percentage points).
Current Spread (Sep 2026)
-75 bps
RIKSBANK: 1.75% · ECB: 2.50%
Mean Spread (1999–2026)
-11 bps
28 overlapping years
Widest Positive Spread (2002)
+100 bps
Maximum RIKSBANK premium over ECB Lowest / Negative Spread (2000)
-75 bps
Minimum RIKSBANK minus ECB differential
RIKSBANK (Blue) vs. ECB (Amber) Policy Rates (1999–2026)
Toggle between Dual Policy Rate Trajectories (% p.a.) and Basis-Point Differential (RIKSBANK minus ECB, bps).
Source: Bank for International Settlements (WS_CBPOL) Blue: Sveriges Riksbank · Amber: European Central Bank
Annual RIKSBANK vs. ECB Policy Rate Differential Ledger (1999–2026)
| Year | RIKSBANK Policy Rate | ECB Policy Rate | Spread (% pts) | Spread (Basis Points) |
|---|---|---|---|---|
| 2026 | 1.75% | 2.50% | -0.75 pp | -75 bps |
| 2025 | 1.75% | 2.00% | -0.25 pp | -25 bps |
| 2024 | 2.75% | 3.00% | -0.25 pp | -25 bps |
| 2023 | 4.00% | 4.50% | -0.50 pp | -50 bps |
| 2022 | 2.50% | 2.50% | 0.00 pp | 0 bps |
| 2021 | 0.00% | 0.00% | 0.00 pp | 0 bps |
| 2020 | 0.00% | 0.00% | 0.00 pp | 0 bps |
| 2019 | -0.25% | 0.00% | -0.25 pp | -25 bps |
| 2018 | -0.50% | 0.00% | -0.50 pp | -50 bps |
| 2017 | -0.50% | 0.00% | -0.50 pp | -50 bps |
| 2016 | -0.50% | 0.00% | -0.50 pp | -50 bps |
| 2015 | -0.35% | 0.05% | -0.40 pp | -40 bps |
| 2014 | 0.00% | 0.05% | -0.05 pp | -5 bps |
| 2013 | 0.75% | 0.25% | +0.50 pp | +50 bps |
| 2012 | 1.00% | 0.75% | +0.25 pp | +25 bps |
| 2011 | 1.75% | 1.00% | +0.75 pp | +75 bps |
| 2010 | 1.25% | 1.00% | +0.25 pp | +25 bps |
| 2009 | 0.25% | 1.00% | -0.75 pp | -75 bps |
| 2008 | 2.00% | 2.50% | -0.50 pp | -50 bps |
| 2007 | 4.00% | 4.00% | 0.00 pp | 0 bps |
| 2006 | 3.00% | 3.50% | -0.50 pp | -50 bps |
| 2005 | 1.50% | 2.25% | -0.75 pp | -75 bps |
| 2004 | 2.00% | 2.00% | 0.00 pp | 0 bps |
| 2003 | 2.75% | 2.00% | +0.75 pp | +75 bps |
| 2002 | 3.75% | 2.75% | +1.00 pp | +100 bps |
| 2001 | 3.75% | 3.25% | +0.50 pp | +50 bps |
| 2000 | 4.00% | 4.75% | -0.75 pp | -75 bps |
| 1999 | 3.25% | 3.00% | +0.25 pp | +25 bps |