๐Ÿ‡ธ๐Ÿ‡ช

Sveriges Riksbank

SEK ยท Official Website

Latest Statement

๐Ÿฆ… Hawkish
Monetary Policy Report, November 2023
2023-11-23

Sveriges Riksbank's November 2023 Monetary Policy Report indicates that while inflation has decreased, it remains too high, prompting the central bank to maintain the policy rate at 4 percent. The Executive Board is prepared to raise rates further if inflation does not stabilize towards the target of 2 percent.

โšก Rate
โ†‘0 โ†“0 โ†’1
๐Ÿ”ฎ Guidance
โ†‘1 โ†“0
๐Ÿ“ Classified Sentences
๐Ÿ”ฎ Guidance Hawkishmp_interest_rate
"The Executive Board assesses that monetary policy needs to remain contractionary and is prepared to raise the policy rate further if inflation prospects deteriorate."
โšก Rate Holdmp_interest_rate
"The Executive Board has decided to hold the policy rate unchanged at 4 percent."

Economic Indicators

Policy Rate1.75%
USD/SEK9.4993
GDP Growth2.1%
M2 Growth9.1%
10Y Yield2.78%
2y10y Spread+0.63%
HISTORICAL TRENDS
Policy Rate
4.001.75
FX Rate
9.529.11
CPI
8.550.50
GDP
5.23-1.93
10Y Yield
2.821.93
2Y-10Y Spread
0.64-0.24
Stance
1000.00

Recent Statements

Monetary Policy Report, September 2023 ๐Ÿฆ… Hawkish
2023-09-21
โšก Rate
โ†‘2 โ†“0 โ†’0
๐Ÿ”ฎ Guidance
โ†‘3 โ†“0
๐Ÿ“ Classified Sentences
โšก Rate Hikemp_interest_rate
"The Executive Board has therefore decided to raise the policy rate by 0.25 percentage points to 4 percent."
โšก Rate Hikemp_interest_rate
"The Executive Board has therefore decided to raise the policy rate by 0.25 percentage points, to 4 percent."
๐Ÿ”ฎ Guidance Hawkishmp_interest_rate
"The forecast for the policy rate indicates that it could be raised further."
๐Ÿ”ฎ Guidance Hawkishmp_inflation
"To ensure that inflation continues to fall and stabilise around the target within a reasonable period of time, monetary policy needs to continue to be tightened somewhat."
๐Ÿ”ฎ Guidance Hawkishmp_inflation
"As before, the assessment is that monetary policy needs to be contractionary for a longer period of time for inflation to fall back and stabilise close to the target of 2 percent."
Monetary Policy Report, June 2023 ๐Ÿฆ… Hawkish
2023-06-29
โšก Rate
โ†‘1 โ†“0 โ†’0
๐Ÿ”ฎ Guidance
โ†‘3 โ†“0
๐Ÿ’ง QE/QT
โ†‘0 โ†“1
๐Ÿ“ Classified Sentences
โšก Rate Hikemp_interest_rate
"The Executive Board has therefore decided to raise the policy rate by 0.25 percentage points to 3.75 per cent."
๐Ÿ”ฎ Guidance Hawkishmp_inflation
"To ensure that inflation continues downwards and stabilises around the target within a reasonable period of time, monetary policy needs to be tightened further."
๐Ÿ”ฎ Guidance Hawkishmp_interest_rate
"The forecast is for the policy rate to be increased at least one more time this year."
๐Ÿ”ฎ Guidance Hawkishmp_inflation
"Demand in the Swedish economy needs to dampen to enable inflation to fall back towards the target within a reasonable period of time."
๐Ÿ’ง Liquidity Easemp_interest_rate
"The Executive Board has also decided to increase the pace of government bond sales from SEK 3.5 billion to 5 billion per month with effect from September this year."
Monetary Policy Report, April 2023 ๐Ÿฆ… Hawkish
2023-04-26
โšก Rate
โ†‘2 โ†“0 โ†’0
๐Ÿ“ Classified Sentences
โšก Rate Hikemp_interest_rate
"The Executive Board has decided to raise the Riksbank's policy rate by 0.5 percentage points to 3.5 per cent."
โšก Rate Hikemp_interest_rate
"For inflation to fall and stabilise around the target within a reasonable period of time, the Executive Board has decided to raise the policy rate by 0.5 percentage points to 3.5 per cent."
Monetary Policy Report, February 2023 ๐Ÿฆ… Hawkish
2023-02-09
โšก Rate
โ†‘2 โ†“0 โ†’0
๐Ÿ”ฎ Guidance
โ†‘3 โ†“0
๐Ÿ’ง QE/QT
โ†‘2 โ†“0
๐Ÿ“ Classified Sentences
โšก Rate Hikemp_interest_rate
"The Executive Board has decided to raise the Riksbank's policy rate by 0.5 percentage points to 3.0 per cent."
๐Ÿ”ฎ Guidance Hawkishmp_interest_rate
"The policy rate will probably be raised further during the spring."
๐Ÿ’ง Liquidity Tightmp_interest_rate
"The Executive Board decided that the Riksbank will, with effect from April, sell government bonds to reduce asset holdings at a faster pace."
โšก Rate Hikemp_interest_rate
"The Executive Board has therefore decided to raise the Riksbankโ€™s policy rate by 0.5 percentage points, to 3.0 per cent."
๐Ÿ”ฎ Guidance Hawkishmp_interest_rate
"The forecast for the policy rate indicates that it will probably be raised further during the spring."
+2 more sentences
โ† Back to all indicators