Riksbank Rate Decision November 2026
November 4 @ 3:30 am - 4:30 am
Riksbank Rate Decision November 2026
Next Riksbank Rate Decision: Wednesday, at 9:30 am CET (3:30 am ET, 8:30 am London).
- Consensus
- Not yet published
- Prior
- Held at 1.75% (August 26, 2026)
- Actual
- Pending
Full schedule and background: Riksbank Rate Decision.
Updated
Sweden’s central bank, the Riksbank, announces its next interest rate decision on Wednesday, November 4, 2026, at 9:30 am CET (3:30 am ET, 8:30 am London time). The Executive Board’s decision is published alongside a Monetary Policy Update, and the new policy rate takes effect from November 11, 2026. The current policy rate is 1.75%, unchanged since a surprise 25 basis point cut in September 2025. Full schedule and background: Riksbank Rate Decision hub.
What is the Riksbank and what does it decide?
The Riksbank is Sweden’s central bank and one of the oldest central banks in the world. Its main task is to keep inflation close to a target of 2%, measured by the CPIF (consumer price index with a fixed interest rate), while also paying attention to the real economy and employment. Its main policy tool is the policy rate, sometimes called the repo rate, which is the interest rate at which commercial banks can borrow from or deposit money with the Riksbank for seven days.
Rate decisions are taken by the Executive Board, which normally has six members. Decisions are made by majority vote, and if the vote is tied the Governor has the casting vote. The Board holds eight scheduled monetary policy meetings a year, roughly every six weeks, and each decision is published together with either a full Monetary Policy Report or a shorter Monetary Policy Update.
Because the Swedish krona is a small, open-currency economy tightly linked to the eurozone and to global trade, Riksbank decisions matter beyond Sweden’s borders. Moves in the krona affect Nordic exporters, and the Riksbank’s inflation and growth outlook is watched by other European central banks as an early read on how tariffs, energy prices and wage settlements are feeding through to prices.
When is the November Riksbank decision announced?
The decision is due on November 4, 2026 at 9:30 am CET (3:30 am ET, 8:30 am London). It will be released together with a Monetary Policy Update, a shorter document than the full quarterly Monetary Policy Report, containing the Board’s updated rate path and economic forecasts. A press conference normally follows the same morning, broadcast live on riksbank.se and YouTube, where the Governor and Deputy Governors take questions from journalists. Minutes from the meeting are usually published around two weeks later. The rate decided on November 4 takes effect from November 11, 2026.
What to expect
The Riksbank has held its policy rate at 1.75% since cutting it by 25 basis points in September 2025. Through 2026 the Board has repeatedly signalled that the easing cycle is likely complete, while leaving open the possibility of a hike if summer inflation pressures prove persistent rather than temporary. Deputy Governor Per Jansson said in August 2026 that the risk of somewhat higher inflation had increased, but that the Riksbank had room to wait before adjusting policy. No consensus forecast for the November 2026 decision has yet been published; markets and economists typically firm up expectations closer to the meeting date once the October inflation data is released.
| Meeting | Decision | Rate after meeting |
|---|---|---|
| September 2025 | Cut 25bp | 1.75% |
| November 2025 | Hold | 1.75% |
| December 2025 | Hold | 1.75% |
| January 2026 | Hold | 1.75% |
| March 2026 | Hold | 1.75% |
| May 2026 | Hold | 1.75% |
| June 2026 | Hold | 1.75% |
| August 2026 | Hold | 1.75% |
Market impact scenarios
| Scenario | Likely market read | What it means in plain English |
|---|---|---|
| Hold at 1.75% | Broadly neutral for the krona, seen as continuation of a “wait and see” stance | Borrowing costs stay the same for now. This has been the most common outcome at every meeting since September 2025. |
| Hike | Likely to push the krona higher against the euro and dollar, as it would confirm the Riksbank sees inflation risks as more than temporary | Mortgage and loan rates in Sweden would edge up. A stronger krona makes imports cheaper but can squeeze exporters. |
| Dovish guidance shift | Markets would likely price in a longer hold or a future cut, weakening the krona | No immediate change to rates, but banks and analysts would revise their outlook for 2027, which can filter into fixed-rate mortgage pricing. |
What will the statement and press conference signal?
Analysts will focus on three things. First, whether the Riksbank still frames the summer’s stronger inflation and growth data as temporary or as evidence of a more lasting shift, language that has shifted gradually through 2026. Second, whether the updated rate path in the Monetary Policy Update continues to flag a possible hike, or moves back towards a flat profile. Third, any dissent among the six Executive Board members, since a split vote would be read as a signal that the next move is more finely balanced than the headline decision suggests. Governor and Deputy Governors’ comments at the press conference on household spending, wage negotiations and the krona’s exchange rate will also be scrutinised for hints about the following meeting.
What It Means for Your Money
For people with mortgages in Sweden, a hold means variable mortgage rates stay where they are, while a hike would raise monthly payments on new and variable-rate loans and could nudge banks to lift the rates offered on new fixed-rate deals. Savers with Swedish bank accounts would see slightly better returns on deposits if the rate rises, and slightly worse if the Riksbank signals it is done raising rates for good.
A stronger or weaker krona affects Swedish holidaymakers and shoppers buying imported goods, and it also matters for exporters selling into the eurozone, the UK and the rest of Europe, since a weaker krona makes Swedish goods cheaper abroad but raises the cost of imported inputs. Investors holding Swedish equities, Nordic funds or krona-denominated bonds through pensions or ISAs should expect any surprise in the rate decision to move Swedish stock indices and the krona quickly, though a widely expected outcome usually has a muted market reaction. Elsewhere in Europe, the decision is watched as a signal of how quickly a small open economy can move from cutting rates to raising them again, which can influence how the European Central Bank and Bank of England frame their own inflation risks.
Related events
- Previous decision: Riksbank Rate Decision September 2026
- Full calendar of Riksbank meetings: Riksbank Rate Decision hub
- Sweden’s inflation and labour market data released ahead of the meeting typically shape the final vote, and are covered separately on the calendar.
Frequently Asked Questions
What time is the Riksbank decision announced?
The decision is published at 9:30 am CET on November 4, 2026, which is 3:30 am ET and 8:30 am London time.
Will the Riksbank cut rates in November 2026?
A consensus forecast has not yet been published. The Riksbank has held its rate at 1.75% since September 2025 and has more recently discussed the possibility of a hike rather than a cut, according to its own public statements.
What is the current Riksbank policy rate?
The policy rate has stood at 1.75% since the Riksbank’s rate cut in September 2025, most recently confirmed unchanged at its August 2026 meeting.
When is the next Riksbank meeting after November?
The Riksbank normally holds eight monetary policy meetings a year, roughly every six weeks; check the Riksbank Rate Decision hub for the confirmed next date.
Where can I watch the press conference?
The Riksbank broadcasts its press conference live on riksbank.se and on YouTube shortly after the rate decision is published.