Sweden's central bank held its benchmark interest rate at 0.0 percent during its November meeting, and pledged to keep it at this level in the coming years as the increased spread of infection and tighter restrictions will lead to a new downturn in the Swedish economy. Policymakers also announced an expansion and extension to the Riksbank’s asset purchases from SEK 500 billion to up to SEK 700 billion up to December 2021, aiming to give further support in an uncertain time, improve the conditions for a recovery and help inflation rise towards the target of 2 percent. source: Sveriges Riksbank
Interest Rate in Sweden averaged 2.91 percent from 1994 until 2020, 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 December of 2020.
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 2021, according to our econometric models.