Sveriges Riksbank raises Sweden's policy rate to 2 per cent

4 November 2026

Sweden's central bank has raised the cost of borrowing. The Executive Board of Sveriges Riksbank decided to lift the policy rate by 0.25 percentage points to 2 per cent, and said a further rise in the coming year is likely if the outlook holds. The Riksbank linked its move to stronger economic activity at home and to cost increases caused by supply disruptions, which together are expected to push inflation up. CPIF inflation in Sweden was 1.5 per cent in September; stripping out temporary fiscal measures it was 3 per cent, and the measure that also leaves out energy prices was 1.6 per cent. The bank expects both CPIF inflation and underlying inflation to climb above 2 per cent next year, which is the level the Riksbank targets. The new rate applies from 11 November 2026, and the minutes of the Executive Board's meeting are to be published on 10 November 2026.