Sweden

Minutes of the monetary policy meeting on 23 September 2026

The Executive Board has decided to leave the policy rate unchanged at 1.75 per cent. But economic activity is stronger and the supply shocks are continuing. The Executive Board therefore assesses that the policy rate should be raised more going forward than projected in the June forecast, for inflation to stabilise around 2 per cent. If the outlook for inflation and economic activity remains unchanged, it is expected that the increases to the policy rate will begin this year.

The economic situation has improved since last spring and, for the first time since September 2022, large Swedish companies’ assessment of the situation is now above its historical average. Before the summer, there were fears that the war in the Middle East would delay the recovery, but those fears have not materialised. Demand has strengthened and the cost increases resulting from the war are considered to be manageable. As a result, companies are taking a more optimistic view of future develop

Minutes of the monetary policy meeting on 19 August 2026

During the summer, both growth and inflation have been higher than was forecast in June, and there is still a risk of underlying inflation becoming too high in the wake of the supply shocks in the Middle East. However, the picture is not clear-cut; for instance, companies’ pricing plans have been subdued, disruptions in global supply chains have declined and the labour market has been somewhat weaker than expected. Overall, the outlook for the economy remains largely unchanged. The Riksbank has

The European Systemic Risk Board (ESRB), the EU’s macroprudential oversight authority, is issuing a formal warning regarding vulnerabilities in the financial system linked to frontier AI models. The ESRB's warning calls for relevant authorities to reflect these risks in supervisory and oversight work.

From today, 1 July 2026, there will be more options for paying by card in-store when buying essential goods. This will strengthen the resilience of the payment system and is based on an agreement between the Riksbank and market participants.

Minutes of the monetary policy meeting on 16 June 2026

Inflation in Sweden is low and economic activity is somewhat weaker than normal. At the same time, the supply disruptions linked to the war in the Middle East have led to inflationary pressures rising and the risks of inflation becoming too high have increased. The Executive Board assesses that it is well-balanced to leave the policy rate unchanged at 1.75 per cent now, but the probability that the rate will be raised later this year has increased in relation to the assessment in March.

According to the major Swedish companies, the economic situation is still weak. Before the war in the Middle East broke out, they felt that the economy was slowly improving. The war does not seem to have significantly affected this picture. But uncertainty has increased again, which the companies say risks delaying the already prolonged recovery.

The Executive Board of the Riksbank will hold its monetary policy meeting in Gothenburg on 23 September. The meeting will take place at the county administrative board of Västra Götaland's premises. The decision will be published on the following day, 24 September, at 9.30 am. On the same day, at 10.30 am, a press conference on the decision will be held at the West Sweden Chamber of Commerce on Parkgatan 49 in Gothenburg.

The war in the Middle East has caused turbulence in the financial markets, but the global financial system has functioned well. However, there is considerable uncertainty. The longer the war continues, the greater the risk that inflation and interest rates will rise at the same time as the economy weakens, which could have a negative impact on several financial markets and participants. Moreover, there are several global vulnerabilities that could reinforce one another and exacerbate such negati