The Riksbank left its key repo rate unchanged at 0% on July 1st 2021, in line with expectations. The central bank will also continue purchasing assets within the envelope of SEK 700 billion which will be fully utilised up until the end of 2021. Policymakers noted the spread coronavirus has declined and the economic outlook is brighter. However the pandemic is not yet over, and inflationary pressures are expected to rise in the coming years, when economic activity becomes increasingly strong. Still, the central bank may cut the repo rate or in some other way make monetary policy more expansionary if inflation prospects weaken. source: Sveriges Riksbank
Interest Rate in Sweden averaged 2.86 percent from 1994 until 2021, reaching an all time high of 8.91 percent in July of 1995 and a record low of -0.50 percent in February of 2016. This page provides the latest reported value for - Sweden Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sweden Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Interest Rate in Sweden is expected to be 0.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Sweden to stand at 0.00 in 12 months time. In the long-term, the Sweden Interest Rate is projected to trend around 0.00 percent in 2022, according to our econometric models.