Riksbank delivers first rate hike in three years
Central bank cites rising costs stemming from conflict-driven supply disruptions
The Sveriges Riksbank raised its policy rate by 25 basis points today (November 4), marking its first tightening of policy since September 2023.
The decision to raise rates to 2% ended a pause that began in September 2025, when the executive board made the final cut in the easing cycle it had begun in May 2024.
Today’s decision came after the European Central Bank held its deposit facility rate at 2.5% on October 29.
The Riksbank said annual inflation in Sweden – measured at its preferred metric of
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