Interest Rate in Sweden
Sweden - Interest Rate
Riksbank keeps rates steady in February, continues to signal hike in H2
At its 12 February monetary policy meeting, the Riksbank left the repo rate unchanged at minus 0.25%, as markets had expected.
The Riksbank’s decision came after a rate hike in the previous meeting in December last year. Moreover, in recent months CPIF inflation has remained fairly close to the 2% target, while monthly indicators suggest that underlying economic momentum is gradually moderating. This led the Bank to conclude it was premature to continue its tightening cycle at the current meeting.
In its press release, the Riksbank reiterated its previous guidance that the next rate hike will likely come in the second half of 2019, expecting monetary policy to tighten to the same extent as in December. The Bank sees the repo rate averaging 0.10% in Q1 2020 and 0.60% in Q1 2021. The Bank also maintained its cautious tone and once more highlighted downside domestic and external risks to the outlook.
Sweden Interest Rate Forecast
FocusEconomics Consensus Forecast panelists see the repo rate closing 2019 at 0.02% and 2020 at 0.42%.
Sweden - Interest Rate Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Policy Interest Rate (%) | 0.75 | 0.0 | -0.35 | -0.50 | -0.50 |
Sweden Interest Rate Chart
Source: Riksbank.
Sweden Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.30 | -4.79 % | Mar 11 |
| Exchange Rate | 9.38 | -0.20 % | Mar 11 |
| Stock Market | 1,570 | 0.14 % | Mar 11 |
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Economic News
Sweden: CPI inflation steady in February, CPIF inflation dips
March 12, 2019
Consumer prices in Sweden rose 0.7% in February, contrasting January’s 1.0% decline, according to data released by Statistics Sweden (SCB).
Sweden: Industrial production softens in January
March 5, 2019
According to Statistics Sweden, total industrial production excluding energy increased a seasonally-adjusted 0.1% in January over the previous month, down from December’s revised 1.6% increase (previously reported: +1.8%).
Sweden: Economy rebounds in Q4 on strong exports and recovering consumption
February 28, 2019
According to data released by Statistics Sweden (SCB) on 28 February, the economy grew 1.2% in seasonally adjusted terms in the fourth quarter over the third quarter.
Sweden: Economic sentiment edges up in February
February 27, 2019
The economic tendency indicator rose from January’s revised 102.0 (previously reported: 101.9) to 102.4 in February, interrupting four consecutive months of decline.
Sweden: CPIF and CPI inflation fall in January
February 19, 2019
Consumer prices in Sweden fell 1.0% in January, contrasting December’s 0.4% rise, according to data released by Statistics Sweden (SCB).
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