News

The economic situation

Deputy Governor Svante Öberg 21/08/2008 "The picture presented in July largely remains unchanged; with lower growth and high inflation. But GDP growth has so far this year been weaker than anticipated. Inflation is at its highest level since the mid-1990s. However, oil and other commodity prices have fallen. At the same time, productivity has been lower and resulted in increased wage costs", said Svante Öberg in Malmö today.   Read more

Riksbank increases size of monetary policy repo

27/08/2008 The Riksbank will over the course of approximately one month make purchases of SEK to the value of SEK 5 billion on the foreign exchange market to increase the volume of the weekly lending to the banks (“repo transactions”). This measure does not have any consequences for monetary policy considerations.   Read more

Riksbank reallocates gold and foreign exchange reserves

26/08/2008 The Riksbank intends to sell up to 15 tonnes of the gold reserve during the period 27 September 2008 to 26 September 2009. The sale is in compliance with the Central Bank Gold Agreement (CBGA) which was signed by 15 European central banks and came into force on 27 September 2004.   Read more
Financial market statistics including money supply, July 2008. Press release on Statistics Sweden’s website
27/08/2008
IMF´s annual review of the Swedish economy
12/08/2008
Unanimous decision by the Executive Board to increase the repo rate, but disagreement about the repo rate path
16/07/2008
News archive 
CALENDAR
29/08/2008 13:00

General Council meeting

03/09/2008 09:00

Executive Board monetary policy meeting, No 4

04/09/2008 09:30

The repo rate decision from the monetary policy meeting on 3 september is announced


See entire calendar
Key figures
THE RIKSBANK'S INFLATION TARGET
2.0%
The target has applied since 1995

Read more about the inflation target

INFLATION IN JULY 2008
4.4%
Next CPI will be published on Tuesday 9th September at 09.30 a.m.

Read more about the current inflation rate

Link to Statistics Sweden, SCB

THE REPO RATE
4.50%
Applies from Wednesday, 9 July 2008. Next monetary policy meeting will be 3 September 2008.

Press Release

Minutes of the Executive Board´s monetary policy meeting

Table, repo rate

MONETARY POLICY REPORT
The next Monetary Policy Report will be published on 23 October 2008

Monetary Policy Report

The Riksbank

Sveriges Riksbank is Sweden’s central bank and a public authority under the Riksdag, the Swedish parliament.  The Riksbank is responsible for conducting monetary policy, the objective of which is to maintain a low and stable level of inflation. The Bank also has the task of ensuring that payments in the economy can be made safely and efficiently.

Photo: fotaokatuten.se
How do house prices affect the economy? Changes in the housing market have only a small effect on inflation and GDP. However, the effects on monetary policy are reinforced by the fact that houses are used as collateral for mortgages. These are some of the conclusions reached by Peter Sellin and Karl Walentin in the Economic Commentary ”House prices and the economy”. Read more
Picture of the building
Guided tour of the building At Brunkebergstorg 11, in the heart of Stockholm, lies the Riksbank building clad in black granite. The building, designed by architect Peter Celsing, was inaugurated on 8 April 1976. Read more