Sweden - Lending Rate
Sweden: Lending Rate
| Mnemonic | IRLEND.ISWE | |
|---|---|---|
| Unit | Percent, NSA | |
| Adjustments | Not Seasonally Adjusted | |
| Daily | ||
| Data | 06 Oct 2022 | 1.75 |
| 05 Oct 2022 | 1.75 | |
Series Information
| Source | Riksbanken |
| Release | Monetary Policy |
| Frequency | Business Daily |
| Start Date | 6/1/1994 |
| End Date | 10/6/2022 |
Sweden: Markets
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Lending Rate | 06 Oct 2022 | 1.75 | 1.75 | Percent, NSA | Daily |
| Average Long-term Government Bond | 05 Oct 2022 | 2.19 | 2.08 | % P.A., NSA | Business Daily |
| Stock Market Index | 05 Oct 2022 | 1,882 | 1,909 | Index, NSA | Business Daily |
| Treasury Bills (over 31 days) | 05 Oct 2022 | 1.62 | 1.65 | % P.A., NSA | Business Daily |
| Money Market Rate | 03 Jul 2020 | -0.04 | -0.04 | Percent, NSA | Business Daily |
Release Information
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.
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 are rare.
