Sweden Riksbank Rate Decision
It is the Executive Board of the Central Bank of Sweden that determines the benchmark interest rate in Sweden (The Riksbank). It is the repo rate, which refers to the interest rate at which banks can borrow or deposit funds with the Riksbank for a period of seven days. This is the principal interest rate in Sweden. CPIF (the CPI with a fixed interest rate) inflation is expected to average approximately 2% per year.
A higher than expected figure should be seen as positive (bullish) for the SEK while a lower than expected figure should be seen as negative (bearish) for the SEK.
Forex Sentiment (SEK)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURSEK |
|
|
11.0175 +166 pips |
11.0178 -169 pips |
11.0009 | |
| USDSEK |
|
|
9.4675 -513 pips |
9.7662 -2474 pips |
9.5188 | |
| GBPSEK |
|
|
12.5002 -340 pips |
12.5331 +11 pips |
12.53417 | |
| SEKJPY |
|
|
15.5470 -62 pips |
0 +1616 pips |
16.164 | |
| NOKSEK |
|
|
0.9387 -2 pips |
0.9528 -139 pips |
0.9389 |
News (SEK)
Sweden Cuts Policy Rate By 25 Bps
Sweden's central bank cut its benchmark interest rate by 25 basis points in order to support economic recovery and signalled an end to the easing cycle. The executive board of the Riksbank decided to lower the policy rate by 25 basis points to 1.75 percent. The bank has reduced the rate by 200 basis points since it started policy easing in May 2024.
RTTNews | 48 days ago
Riksbank To Cut Policy Rate Twice This Year To 1.75%, Swedish Think Tank NIER Says
Sweden's central bank is set to lower interest rates twice this year due to the economic downturn and subdued inflation outlook, the National Institute of Economic Research said on Tuesday as it lowered the growth forecast for the economy.
RTTNews | 146 days ago
Sweden Central Bank Trims Rate By 25 Bps
Sweden's central bank reduced its benchmark rate by a quarter-point on Wednesday to further support the economy and stabilize inflation at the target and also signaled that the easing cycle is coming to an end. The Executive Board of Riksbank decided to cut the policy rate by 25 basis points to 2.5 percent. The outcome of the meeting widely matched expectations.
RTTNews | 285 days ago
