Sweden’s central bank, Riksbank, announced it will be ending negative rates policy, stating that inflation has been close to the target of 2% since the start of 2017 and that conditions look good for inflation to remain close to the target going forward.
Therefore, in line with an assessment in October, the Executive Board has decided to raise the repo rate from –0.25% to 0%. The forecast for the repo rate is unchanged, and the repo rate is expected to remain at 0% in the coming years.