Sweden - Lending Rate

Sweden: Lending Rate

Mnemonic	IRLEND.ISWE
Unit	% p.a., NSA
Adjustments	Not Seasonally Adjusted
	Daily
Data	18 Apr 2024	4.1
	17 Apr 2024	4.1

Series Information

Source	Riksbanken
Release	Monetary policy
Frequency	Business Daily
Start Date	6/1/1994
End Date	4/18/2024

Sweden: Markets

	Reference	Last	Previous	Units	Frequency
Lending Rate	18 Apr 2024	4.1	4.1	% p.a., NSA	Daily
Average Long-term Government Bond	17 Apr 2024	2.54	2.57	% P.A., NSA	Business Daily
Money Market Rate	17 Apr 2024	3.89	3.89	% p.a., NSA	Business Daily
Stock Market Index	17 Apr 2024	2,505	2,491	Index, NSA	Business Daily
Treasury Bills (over 31 days)	17 Apr 2024	3.91	3.91	% P.A., NSA	Business Daily

Release Information

Description

For Sweden, the Riksbank's key interest rates are those the bank sets for monetary policy purposes. They are the deposit rate, the lending rate and the repo rate. The most important rate is the repo rate.

Properties

Measurement: Percent per annum (% p.a.)
Adjustment: Not seasonally adjusted (NSA)
Native frequency: Daily (7 days per week)
Start date: As early as 1 June 1994

Methodology

As of June 1994 the Riksbank’s key interest rates are:

The repo rate

The rate of interest at which banks can borrow or deposit funds at the Riksbank for a period of seven days. The repo rate is the Riksbank's most important key rate.

The deposit rate

The rate of interest banks receive when they deposit funds in their accounts at the Riksbank overnight and is normally 0.75 percentage points lower than the repo rate. The deposit rate is the floor of what is known as the interest rate corridor and is one of the Riksbank's three key rates.

The lending rate

The rate of interest banks pay when they borrow overnight funds from the Riksbank and is always 0.75 percentage points higher than the repo rate. The lending rate is known as the ceiling of the interest rate corridor and is one of the Riksbank's three key rates.

Revisions

Yes, but rarely.