The decision in brief
The policy rate is held unchanged at 2.25 per cent and the forecast is that the rate will remain at its current level for some time to come.
Inflation is expected to be between 2 and 3 per cent this year and then to fall and stabilise at the target.
The Swedish economy is in a recovery phase, but the rebound on the labour market will take a little longer.
Policy rate
2.25%
Applies from 26 March 2025
Decision documentation
- Press release 20 March 2025: Policy rate unchanged at 2.25 per cent
- Monetary Policy Report March 2025
- Monetary policy decision March 2025, Policy rate decision
- Numerical data, Monetary Policy Report March 2025
- Slides from the press conference 20 March 2025
- Outcomes and forecasts, March 2025
- Minutes of the monetary policy meeting on 19 March 2025
- Voting by the Executive Board on interest rate decisions
What is the forecast for the policy rate?
The figure below shows the outcomes for the policy rate (solid line) and the Executive Board’s assessment of the policy rate in the coming three quarters (dashed line).
Policy rate (per cent), published on 20 March 2025
Outcomes for the policy rate are daily data and forecasts refer to quarterly values. Read more about the forecast for the policy rate in the Monetary Policy Report.
Source: The Riksbank.
Next monetary policy decision?
The next monetary policy meeting will take place on 7 May 2025 and information on the monetary policy decision, including the policy rate, will be communicated the day after, 8 May 2025.
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