Did you know that

Inflation targeting regime
Sweden was in January 1993 the fourth country to introduce a formal inflation targeting regime. New Zealand was the first country, followed by Canada and the U.K.

The repo rate
Since June 1994 the repo rate has been the Riksbank's key interest rate.

Picture of notes

The objective of monetary policy

According to the Sveriges Riksbank Act, the objective of monetary policy is to “maintain price stability”. The Riksbank has interpreted this objective to mean a low, stable rate of inflation.

More precisely, the Riksbank's objective is to keep inflation around 2 per cent per year, as measured by the annual change in the consumer price index (CPI). In order to keep inflation around 2 per cent the Riksbank adjusts its key interest rate, the repo rate.

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News

18/07/2011 Minutes of the Executive Board’s monetary policy meeting on 4 July 2011
07/07/2011 Economic Commentary: Are there systematic patterns in Statistics Sweden’s GDP growth revisions?
05/07/2011 Press Release: Repo rate raised 0.25 percentage points to 2.0 per cent
05/07/2011 Monetary Policy Report, July 2011

Documents and Reports on Monetary Policy

Monetary Policy Report  and Update

The Riksbank’s Monetary Policy Report (formerly the Inflation Report) is published three times a year. The report describes the deliberations made by the Riksbank when deciding what would be an appropriate monetary policy to conduct.
On the three other occasions a press release and a monetary policy update are published; the latter containing a limited number of forecasts for central macroeconomic variables.

 

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Monetary policy in Sweden

The document "Monetary policy in Sweden" describes the Riksbank's monetary policy aims and strategy.

 

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