The decision in brief
The policy rate is cut by 0.25 percentage points to 2.5 per cent. If the outlook remains unchanged, the policy rate may be cut once again in the first half of 2025.
Inflationary pressures are in line with 2 per cent and inflation is expected to be close to target in the coming years.
The Swedish economy is in a mild recession, but economic activity is expected to strengthen next year.
Policy rate
2.50%
Applies from 8 January 2025
Decision documentation
- Press release 19 December 2024: Policy rate cut by 0.25 percentage points to 2.5 per cent
- Monetary Policy Report December 2024
- Monetary policy decision December 2024, Policy rate decision
- Numerical data, Monetary Policy Report December 2024
- Outcomes and forecasts, December 2024
- Slides from the press conference 19 December 2024
- Minutes of the Monetary Policy Meeting held on 18 December 2024
- Voting by the Executive Board on interest rate decisions
What is the forecast for the policy rate?
The figure below shows the outcomes for the policy rate (solid line) and the Executive Board’s assessment of the policy rate in the coming three quarters (dashed line).
Policy rate (per cent), published on 19 December 2024
Outcomes for the policy rate are daily data and forecasts refer to quarterly values. Read more about the forecast for the policy rate in the Monetary Policy Report.
Note: The figure illustrates the decision in December 2024 by changing the policy rate in connection with the decision. Due to the Christmas and New Year holidays, the new policy rate will not be implemented in practice until 8 January 2025.
Source: The Riksbank.
Next monetary policy decision?
The next monetary policy meeting will take place on 28 January 2025 and information on the monetary policy decision, including the policy rate, will be communicated the day after, 29 January 2025.
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