Stats › Global markets and exchanges › Swedish pass-through
Swedish mortgage rates followed the policy rate down by 87 per cent, deposits by 75 per cent
| Measure | June 2022 | December 2023 | August 2026 |
|---|---|---|---|
| Policy rate | 0.00 per cent from 3 January 2022 | 4.00 per cent from 27 September 2023 | 1.75 per cent from 1 October 2025 |
| Average rate on new housing loans | 2.25 per cent | 4.74 per cent | 2.78 per cent |
| Average rate on new household bank deposits | 0.11 per cent | 2.16 per cent | 0.48 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.
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