Sweden Riksbank Policy Interest Rate (Sweden) - Historical Data
Historical time series of the Sweden Riksbank Policy Interest Rate set by the Sveriges Riksbank (RIKSBANK) from 1946 to 2026. From 1 Jun 1994 onwards: Central Bank fixed repo/reversed repo rate; from 30 Jan 1987 to 31 May 1994: marginal rate; from 1 Jan 1946 to 29 Jan 1987: discount rate. The latest benchmark reading is 1.75% (Sep 2026), corresponding to an ex-post real policy rate of +1.44% after adjusting for Sweden headline CPI inflation (0.31%).
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Current Statistics & Historical Records
Latest Reading (Sep 2026)
1.75%
Prev (Aug 2026): 1.75%0.00 pp
Highest Recorded (Sep 1992)
40.00%
Peak monetary tightening by Sveriges Riksbank (Sweden Riksbank Policy Interest Rate).
Lowest Recorded (Feb 2016)
-0.50%
Lowest policy interest rate stance set by Sveriges Riksbank.
Long-Run Mean (1946–2026)
4.75%
81 annual observations · Monthly
Sveriges Riksbank · SEK
Sweden Riksbank Policy Interest Rate (Sweden) (1946-2026)
% p.a.Drag to pan, scroll to zoom, or toggle between full archive (1946–2026) and recent monthly observations.
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Source: Bank for International Settlements (BIS) & Sveriges Riksbank (WS_CBPOL:M:SE)
Latest: 1.75% (Sep 2026)
· Real Rate: +1.44%
RIKSBANK Policy Rate Averages by Decade
Decadal mean, peak, and trough across the 1946–2026 archive
| Decade | Years Covered | Decade Mean | Decade High (Year) | Decade Low (Year) |
|---|---|---|---|---|
| 1940s | 1946–1949 | 2.50% | 2.50% (1946) | 2.50% (1946) |
| 1950s | 1950–1959 | 3.62% | 5.00% (1957) | 2.75% (1953) |
| 1960s | 1960–1969 | 5.25% | 7.00% (1969) | 4.00% (1962) |
| 1970s | 1970–1979 | 6.65% | 9.00% (1979) | 5.00% (1971) |
| 1980s | 1980–1989 | 9.82% | 12.00% (1989) | 7.50% (1986) |
| 1990s | 1990–1999 | 7.89% | 14.50% (1991) | 3.25% (1999) |
| 2000s | 2000–2009 | 2.70% | 4.00% (2000) | 0.25% (2009) |
| 2010s | 2010–2019 | 0.27% | 1.75% (2011) | -0.50% (2016) |
| 2020s | 2020–2026 | 1.82% | 4.00% (2023) | 0.00% (2020) |
Complete Annual Historical Ledger (1946–2026)
Unit: % p.a. · Source: Bank for International Settlements (BIS) & Sveriges Riksbank (WS_CBPOL:M:SE)
| Year | Annual Value (% p.a.) | Real Policy Rate (CPI-Adj) | Intra-Year Range (Min – Max) | Monetary Regime & Historical Context |
|---|---|---|---|---|
| 2026 | 1.75% | +1.34% | 1.75% – 1.75% | - |
| 2025 | 1.75% | +1.07% | 1.75% – 2.50% | Post-tightening monetary recalibration across advanced and emerging central banks |
| 2024 | 2.75% | -0.11% | 2.75% – 4.00% | G10 policy rates peak and pivot toward gradual monetary normalization |
| 2023 | 4.00% | -4.63% | 2.50% – 4.00% | - |
| 2022 | 2.50% | -5.84% | 0.00% – 2.50% | Global inflation surge triggers fastest synchronized rate hiking cycle in four decades |
| 2021 | 0.00% | -2.16% | 0.00% – 0.00% | - |
| 2020 | 0.00% | -0.50% | 0.00% – 0.00% | COVID-19 pandemic emergency rate cuts and record balance sheet expansion |
| 2019 | -0.25% | -2.04% | -0.25% – -0.25% | - |
| 2018 | -0.50% | -2.45% | -0.50% – -0.50% | - |
| 2017 | -0.50% | -2.30% | -0.50% – -0.50% | - |
| 2016 | -0.50% | -1.48% | -0.50% – -0.35% | Bank of Japan introduces Yield Curve Control (YCC); post-Brexit BoE easing |
| 2015 | -0.35% | -0.30% | -0.35% – 0.00% | - |
| 2014 | 0.00% | +0.18% | 0.00% – 0.75% | ECB and European peers introduce Negative Interest Rate Policy (NIRP) |
| 2013 | 0.75% | +0.80% | 0.75% – 1.00% | - |
| 2012 | 1.00% | +0.11% | 1.00% – 1.75% | - |
| 2011 | 1.75% | -1.21% | 1.25% – 2.00% | European Sovereign Debt Crisis and Swiss franc safe-haven surge |
| 2010 | 1.25% | +0.09% | 0.25% – 1.25% | - |
| 2009 | 0.25% | +0.74% | 0.25% – 2.00% | - |
| 2008 | 2.00% | -1.44% | 2.00% – 4.75% | Global Financial Crisis drives major central banks to the zero lower bound and QE1 |
| 2007 | 4.00% | +1.79% | 3.00% – 4.00% | - |
| 2006 | 3.00% | +1.64% | 1.75% – 3.00% | - |
| 2005 | 1.50% | +1.05% | 1.50% – 2.00% | - |
| 2004 | 2.00% | +1.63% | 2.00% – 2.75% | - |
| 2003 | 2.75% | +0.82% | 2.75% – 3.75% | - |
| 2002 | 3.75% | +1.59% | 3.75% – 4.25% | - |
| 2001 | 3.75% | +1.34% | 3.75% – 4.25% | Dot-com bust and synchronized G10 monetary easing cycle |
| 2000 | 4.00% | +3.10% | 3.25% – 4.00% | - |
| 1999 | 3.25% | +2.79% | 2.90% – 3.40% | Launch of the Euro and establishment of the European Central Bank (ECB) |
| 1998 | 3.40% | +3.67% | 3.40% – 4.35% | - |
| 1997 | 4.35% | +3.69% | 4.10% – 4.35% | Asian Financial Crisis triggers emergency EM currency defense hikes |
| 1996 | 4.10% | +3.56% | 4.10% – 8.45% | - |
| 1995 | 8.91% | +6.45% | 7.60% – 8.91% | - |
| 1994 | 7.60% | +5.44% | 6.92% – 7.60% | Global bond market selloff and pre-emptive Federal Reserve tightening cycle |
| 1993 | 7.75% | +3.03% | 7.75% – 10.50% | - |
| 1992 | 11.00% | +8.62% | 11.00% – 40.00% | European Exchange Rate Mechanism (ERM) crisis and Black Wednesday |
| 1991 | 14.50% | +5.02% | 10.00% – 14.50% | - |
| 1990 | 14.00% | +3.65% | 12.00% – 16.00% | German reunification tightening and Japanese asset bubble peak |
| 1989 | 12.00% | +5.55% | 10.00% – 12.00% | - |
| 1988 | 11.00% | +5.18% | 8.20% – 11.00% | - |
| 1987 | 8.20% | +4.03% | 7.90% – 11.73% | Louvre Accord and Black Monday central bank liquidity provision |
| 1986 | 7.50% | +3.25% | 7.50% – 9.50% | - |
| 1985 | 10.50% | +3.12% | 9.50% – 11.50% | Plaza Accord coordinated G5 currency intervention depreciates USD |
| 1984 | 9.50% | +1.45% | 8.50% – 9.50% | - |
| 1983 | 8.50% | -0.37% | 8.50% – 9.00% | - |
| 1982 | 10.00% | +1.40% | 10.00% – 11.00% | - |
| 1981 | 11.00% | -1.13% | 11.00% – 12.00% | Volcker disinflation peak pushes benchmark policy rates to postwar highs |
| 1980 | 10.00% | -3.68% | 10.00% – 10.00% | - |
| 1979 | 9.00% | +1.82% | 6.50% – 9.00% | Second oil shock; Paul Volcker appointed Federal Reserve Chair |
| 1978 | 6.50% | -3.58% | 6.50% – 8.00% | - |
| 1977 | 8.00% | -3.41% | 8.00% – 8.00% | - |
| 1976 | 8.00% | -2.28% | 5.50% – 8.00% | - |
| 1975 | 6.00% | -3.79% | 6.00% – 7.00% | - |
| 1974 | 7.00% | -2.90% | 5.00% – 7.00% | First OPEC oil shock triggers global stagflation and steep policy rate hikes |
| 1973 | 5.00% | -1.71% | 5.00% – 5.00% | - |
| 1972 | 5.00% | -0.96% | 5.00% – 5.00% | - |
| 1971 | 5.00% | -2.41% | 5.00% – 7.00% | Nixon Shock suspends USD gold convertibility; Bretton Woods system ends |
| 1970 | 7.00% | -0.06% | 7.00% – 7.00% | - |
| 1969 | 7.00% | +4.33% | 5.00% – 7.00% | - |
| 1968 | 5.00% | +3.06% | 5.00% – 6.00% | - |
| 1967 | 6.00% | +1.69% | 5.00% – 6.00% | - |
| 1966 | 6.00% | -0.43% | 5.50% – 6.00% | Credit crunch of 1966 and monetary tightening |
| 1965 | 5.50% | +0.49% | 5.00% – 5.50% | - |
| 1964 | 5.00% | +1.64% | 4.50% – 5.00% | - |
| 1963 | 4.00% | +1.03% | 3.50% – 4.00% | - |
| 1962 | 4.00% | -0.68% | 4.00% – 5.00% | - |
| 1961 | 5.00% | +2.91% | 5.00% – 5.00% | - |
| 1960 | 5.00% | +0.79% | 5.00% – 5.00% | - |
| 1959 | 4.50% | +3.78% | 4.50% – 4.50% | - |
| 1958 | 4.50% | 0.00% | 4.50% – 5.00% | Eisenhower recession and global monetary easing |
| 1957 | 5.00% | +0.80% | 4.00% – 5.00% | - |
| 1956 | 4.00% | -1.08% | 3.75% – 4.00% | - |
| 1955 | 3.75% | +0.13% | 2.75% – 3.75% | - |
| 1954 | 2.75% | +1.99% | 2.75% – 2.75% | Post-Korean War Federal Reserve policy rate normalization |
| 1953 | 2.75% | +2.12% | 2.75% – 3.00% | - |
| 1952 | 3.00% | -4.32% | 3.00% – 3.00% | - |
| 1951 | 3.00% | -14.02% | 3.00% – 3.00% | - |
| 1950 | 3.00% | +1.63% | 2.50% – 3.00% | - |
| 1949 | 2.50% | +1.80% | 2.50% – 2.50% | - |
| 1948 | 2.50% | -3.11% | 2.50% – 2.50% | - |
| 1947 | 2.50% | -0.38% | 2.50% – 2.50% | - |
| 1946 | 2.50% | +2.06% | 2.50% – 2.50% | - |
Frequently Asked Questions - RIKSBANK Policy Rate
What is the current Sweden Riksbank Policy Interest Rate?
As of Sep 2026, the Sweden Riksbank Policy Interest Rate is 1.75% per annum. Adjusted for headline inflation (0.31%), the ex-post real policy rate in Sweden stands at +1.44%.
What was the highest and lowest Sveriges Riksbank interest rate on record?
Across the 1946-2026 archive, the Sweden Riksbank Policy Interest Rate reached a record high of 40.00% in Sep 1992 and a record low of -0.50% in Feb 2016. The long-run annual mean is 4.75%.
What is the Sveriges Riksbank inflation target?
The Sveriges Riksbank operates with an official inflation target of 2.0% CPIF Target. Its statutory mandate is: Maintain permanently low and stable inflation and promote a safe and efficient payment system.
Statistical Provenance
Source Metadata & Methodology Notes
- Primary Institution:
- Bank for International Settlements (BIS) & Sveriges Riksbank
- Dataset / Dataflow:
- BIS Central Bank Policy Rates (WS_CBPOL)
- Canonical Series ID:
- WS_CBPOL:M:SE
- Reuse & License:
- Terms of permitted use of BIS statistics
- Primary compilation: From 1 Jun 1994 onwards: Central Bank fixed repo/reversed repo rate; from 30 Jan 1987 to 31 May 1994: marginal rate; from 1 Jan 1946 to 29 Jan 1987: discount rate.
- Reporting agency: Sveriges Riksbank; harmonized and disseminated via the BIS WS_CBPOL statistical dataflow.
- Annual table values represent the year-end (December or latest available month) policy rate reading; minimum and maximum columns record the intra-year policy rate corridor.
- Ex-Post Real Policy Rate series is computed as Nominal Policy Rate (% p.a.) minus contemporaneous year-on-year Headline CPI Inflation (% from BIS WS_LONG_CPI).
Academic & Media Attribution
Cite This Dataset (APA & BibTeX)
APA 7th Edition
CentralBankData.com. (2026). Sweden Riksbank Policy Interest Rate (Sweden), compiled from Bank for International Settlements (WS_CBPOL:M:SE). https://centralbankdata.com/sweden-riksbank-interest-rate
BibTeX
@misc{cbd_cbpol_sweden,
author = {CentralBankData.com},
title = {Sweden Riksbank Policy Interest Rate (Sweden)},
note = {Compiled from Bank for International Settlements WS_CBPOL:M:SE},
year = {2026},
url = {https://centralbankdata.com/sweden-riksbank-interest-rate}
}Related Sveriges Riksbank & Global Series
Full Sveriges Riksbank profile →Consumer Price Inflation Rates & Targets
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Sveriges Riksbank Balance Sheet Share of GDP (Sweden)
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Foreign Exchange & Gold Reserves
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Swedish Krona (SEK) Real Effective Exchange Rate (REER)
Sep 202693.36
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