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Statistik › Globale Märkte und Börsen › Swedish pass-through

Swedish mortgage rates followed the policy rate down by 87 per cent, deposits by 75 per cent

KennzahlJune 2022Dezember 2023August 2026
Policy rate0.00 per cent from 3 January 20224.00 per cent from 27 September 20231.75 per cent from 1 October 2025
Average rate on new housing loans2.25 per cent4.74 per cent2.78 per cent
Average rate on new household bank deposits0.11 per cent2.16 per cent0.48 per cent

Policy rate from the central bank's own series, deposit and mortgage rates from the national financial market statistics. The last policy observation read is 20 October 2026, still at 1.75 per cent. Only effective dates are available, not decision dates.

Sweden's policy rate went from zero to 4.00 per cent and back to 1.75. New mortgage rates tracked it closely in both directions, deposit rates less so, and 77 per cent of outstanding housing loans still carry a variable rate.

4.00% then 1.75%Policy rate, peak and current
87.1%Mortgage pass-through on the way down
74.7%Deposit pass-through on the way down
77%Variable rate share of outstanding housing loans

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