Riksbank Rate Decision September 2026

The Riksbank, Sweden’s central bank, announces its next interest rate decision on Thursday, September 24, 2026, at 9:30 am CEST (3:30 am ET, 8:30 am London time). The decision follows the Executive Board’s monetary policy meeting and comes with a full Monetary Policy Report setting out the Riksbank’s updated forecasts. Full schedule and background: Riksbank Rate Decision hub.

Going into this meeting the policy rate stands at 1.75%, where it has been held since early 2026 after a run of rate cuts through 2025. There is no separate press conference time confirmed in the Riksbank’s published calendar for this specific date; the decision, minutes schedule and press release are issued at the time above.

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 primary task, set by law, is to maintain price stability, which it interprets as an inflation target of 2% measured by the CPIF (consumer price index with a fixed interest rate). It also has a secondary objective of supporting balanced economic growth and high employment, provided this does not conflict with the inflation target.

Decisions on the policy rate are taken by the Riksbank’s Executive Board, a group of board members who vote on the appropriate level of interest rates. If votes are split evenly, the Governor’s vote decides the outcome. The Board normally meets eight times a year to set monetary policy, publishing a rate decision and Monetary Policy Report at most of these meetings.

Because Sweden is a small, open economy with its own currency, the krona, the Riksbank pays close attention to developments at the European Central Bank and the US Federal Reserve, since large gaps in interest rates can move the krona sharply and feed through to imported inflation.

When is the September Riksbank decision announced?

The announcement is scheduled for September 24, 2026 at 9:30 am CEST (3:30 am ET, 8:30 am London). The Riksbank typically publishes the policy rate decision, an accompanying press release, and a Monetary Policy Report with updated growth and inflation forecasts on the same morning. Minutes from the meeting are normally released roughly a week after the decision, giving more detail on how individual board members voted and their reasoning.

What to expect

The Riksbank left the policy rate unchanged at 1.75% at its most recent confirmed decision, in August 2026, having already held rates steady since the start of the year following three cuts during 2025, according to the Riksbank’s own press releases. A consensus forecast for the September meeting has not yet been published; economists and markets typically firm up expectations closer to the decision date as fresh Swedish inflation and labour market data arrive.

The table below sets out recent confirmed Riksbank decisions, sourced from the Riksbank’s own published materials. Rows for meetings not yet confirmed by the Riksbank have been omitted.

Market impact scenarios

What will the statement and press conference signal?

Analysts will focus on the Riksbank’s forward guidance, meaning the hints it gives about the likely path of rates over coming meetings rather than just the decision itself. Key questions include whether the Board still sees the current 1.75% level as appropriate for an extended period, how it characterises the state of Sweden’s labour market (which the Riksbank has flagged as weaker than expected), and whether inflation is seen as durably close to the 2% target or still running below it.

Watch also for any dissent among Executive Board members in the minutes, published roughly a week after the decision, and for commentary on the krona’s exchange rate, since a persistently weak krona can complicate the inflation outlook by making imports more expensive.

What It Means for Your Money

For people in Sweden, the policy rate feeds directly into mortgage rates, particularly for those on variable-rate or shorter fixed-rate home loans, and into returns on savings accounts. A hold at 1.75% means little immediate change to existing mortgage costs or deposit rates; a cut would gradually lower borrowing costs on loans and credit cards but also reduce what savers earn.

For UK and eurozone readers, the Riksbank decision matters mainly through the krona’s exchange rate and as a signal of how smaller developed-economy central banks are handling the tail end of their rate-cutting cycles. A weaker krona can make Swedish exports cheaper and imports into Sweden pricier, with knock-on effects for European supply chains and for investors holding Swedish equities or krona-denominated bonds. Pension funds and investors with exposure to Nordic markets should watch the tone of the statement for clues on the direction of Swedish bond yields and equity valuations over the following months.

Related events

• Full Riksbank schedule and past decisions: Riksbank Rate Decision hub
• Sweden’s inflation (CPIF) data released ahead of each meeting typically shapes the Board’s decision
• Labour market and unemployment figures from Statistics Sweden are watched closely given the Riksbank’s comments on a softer jobs market

Frequently Asked Questions

What time is the Riksbank decision announced?

The decision is announced at 9:30 am CEST on September 24, 2026, which is 3:30 am ET and 8:30 am London time.

What is the current Riksbank policy rate?

The policy rate has stood at 1.75% since it was held at that level in early 2026, following three rate cuts during 2025.

Will the Riksbank cut rates in September 2026?

A consensus forecast has not yet been published, so any move should be treated as a possibility rather than a prediction until closer to the meeting.

When is the next Riksbank decision after September 2026?

The Riksbank normally holds eight monetary policy meetings a year; check the Riksbank Rate Decision hub for the confirmed date of the following meeting.

Where can I watch the announcement?

The decision and Monetary Policy Report are published on the Riksbank’s official website, riksbank.se, at the time of the announcement.