Sweden

Mildly restrictive

Policy rate

1.75%

Last move Sep 2025

Inflation

0.68%

As of null

Real policy rate

1.07%

Policy rate less inflation

Debt to GDP

36.70%

2026 est.

Inflation target2%

Policy rate vs target—

Last move-25 bps cut

Months at current rate—

Real GDP growth2.00%

Next scheduled decisionNov 3, 2026

Policy rate path, latest five years.

The verdict

Sweden sets its policy rate at 1.75%, against inflation of 0.68% — a real rate of 1.07% after inflation. The most recent decision was a 25bp cut in Sep 2025. The bank targets 2% inflation, and prices are running below that at 0.68%. On the fiscal side, the economy carries government debt of 36.7% of GDP (2026 est.) and real GDP growth of 2.0%.

Sources: policy rate and cycle history — BIS central bank policy rates (WS_CBPOL); inflation — national statistical agencies; debt and growth — IMF World Economic Outlook. Methodology: https://www.globalfinancialinfo.info/methodology/policy-rates · Dataset: https://www.globalfinancialinfo.info/global-economy · Free to print and share for non-commercial classroom use (CC BY-NC-ND 4.0).

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