Riksbank Rate Decision February 2027

Sweden’s central bank, the Riksbank, announces its next interest rate decision on Wednesday, February 3, 2027 at 9:30 am CET (3:30 am ET, 8:30 am London time). The Executive Board’s decision follows its scheduled monetary policy meeting and is published alongside a monetary policy report. As of its most recent confirmed decisions, the policy rate has stood at 1.75 per cent. Full schedule and background: Riksbank rate decision dates.

What is the Riksbank’s Executive Board and what does it decide?

The Riksbank is Sweden’s central bank and one of the oldest in the world. Its Executive Board, made up of six members, sets the repo rate (commonly called the policy rate), the interest rate that Swedish commercial banks pay to borrow from, or earn on deposits with, the central bank. This rate feeds through to mortgage rates, business loans and savings accounts across Sweden.

The Riksbank’s mandate, set by the Swedish parliament, is to keep inflation at 2 per cent while also, where possible, supporting balanced growth and employment. The Executive Board normally meets five times a year to decide on the policy rate, with each decision accompanied by updated economic forecasts.

Decisions are typically reached by majority vote. When Board members disagree, the minutes (published roughly two weeks after the decision) record individual reservations, giving markets a sense of how divided the committee is on the outlook.

When is the February Riksbank decision announced?

The decision is released at 9:30 am CET (3:30 am ET, 8:30 am London time) on February 3, 2027. The release includes the policy rate decision itself, an updated monetary policy report with the Riksbank’s rate-path forecast, and a press conference where the Governor explains the reasoning behind the decision and answers questions from journalists. Minutes of the meeting are usually published around two weeks later, offering more detail on individual Board members’ views.

What to expect

At its most recent confirmed decisions, the Riksbank held the policy rate at 1.75 per cent. In September 2026, the Executive Board left the rate unchanged at 1.75 per cent, judging that stronger economic activity and ongoing supply shocks meant the path for rates could ultimately need to move higher than previously projected, according to the Riksbank’s own press release. A further decision was due in December 2026, ahead of the February 2027 meeting covered here.

As no consensus forecast from a major poll provider (such as Reuters or Bloomberg) for the February 2027 meeting was publicly available at the time of writing, a consensus forecast has not yet been published. Readers should check overnight index swap pricing and economist notes closer to the date for the latest market-implied probability of a hold, cut or hike.

Rows are limited to decisions independently verifiable from the Riksbank’s own published releases at the time of writing. See the Riksbank’s calendar for the full schedule of 2027 meetings.

Market participants typically price expectations for Riksbank decisions using Swedish government bond yields and overnight index swaps, which reflect the interest rate path the market expects over coming months. These signals can shift quickly in response to Swedish inflation prints, wage negotiation outcomes and global developments such as moves by the European Central Bank or the US Federal Reserve, both of which the Riksbank watches closely given Sweden’s status as a small, open economy heavily exposed to trade with the rest of Europe.

Market impact scenarios

What will the statement and press conference signal?

Analysts will focus on the updated rate-path projection in the monetary policy report, which shows where the Executive Board expects the policy rate to sit over the coming years. Any shift in this projected path, even without an actual change to the rate on the day, can move markets as much as the decision itself. Commentators will also watch for signs of dissent among Board members in the statement’s language and, later, in the published minutes, as well as any comments on the krona’s exchange rate, household debt levels and the housing market, all long-standing areas of focus for the Riksbank.

What It Means for Your Money

For Swedish households, the policy rate feeds directly into variable-rate mortgages, which are widely used in Sweden, so a hold keeps monthly repayments steady while a cut or hike would lower or raise them within weeks. Savings account rates at Swedish banks tend to track the policy rate closely, so savers should expect little change under a hold scenario.

For people outside Sweden, the decision matters mainly through the krona’s exchange rate and through its signal about the wider European interest rate environment. A weaker krona makes Swedish exports cheaper for buyers in the UK, eurozone and Asia but makes imports from Sweden to those regions costlier in local currency terms. Investors holding Swedish equities, bonds or pension funds with Nordic exposure may see valuations move on the announcement, and the decision is sometimes read alongside European Central Bank and Bank of England policy as a gauge of the broader direction of European monetary policy, though the Riksbank sets its own independent course for Sweden.

Related events

• Previous decision: Riksbank Rate Decision December 2026
• Full Riksbank schedule and background: Riksbank rate decision dates
• Check Swedish inflation and labour market data released ahead of the meeting for the latest signals feeding into the Executive Board’s decision

Frequently Asked Questions

What time is the February 2027 Riksbank decision announced?

The decision is published at 9:30 am CET on February 3, 2027, which is 3:30 am ET and 8:30 am London time.

What is the current Riksbank policy rate?

The policy rate stood at 1.75 per cent following the Riksbank’s confirmed decisions in late 2025 and 2026, according to the Riksbank’s own press releases.

Will the Riksbank cut or hike rates in February 2027?

No consensus forecast had been published at the time of writing. Markets and economists typically firm up expectations in the days before the meeting as fresh inflation and growth data are released.

When is the next Riksbank decision after February 2027?

The Riksbank publishes its full annual meeting calendar on its website; check the Riksbank rate decision hub for the next scheduled date.

Where can I watch the Riksbank press conference live?

The Riksbank streams its press conference live on its official website at the time of the announcement.