🇸🇪 SEK Press Releases

Inflation in Sweden and Norway has diverged somewhat following the inflation surge in 2022–2023. Despite a higher policy rate in Norway, Norwegian inflation remains above target, while Swedish inflation was below in early 2026. In an Economic Commentary, Deputy Governor Anna Seim and Jakob Almerud of the Monetary Policy Department discuss possible explanations for this development.

The Eurosystem has approved the onboarding of the Riksbank to its EUREP repo facility, which provides central banks outside the euro area with better access to liquidity in euros. This measure strengthens Sweden’s crisis preparedness and financial stability.

The Riksbank decides to leave the countercyclical buffer rate unchanged at the level the Riksbank considers neutral, of 2 per cent.

Many economic models have long sought to capture the fact that labour productivity usually rises during economic booms and falls during recessions. This Staff Memo shows that if two features are included in a DSGE model – variable labour utilisation and employment adjustment costs – the model does a better job of explaining this relationship. It also leads to a more realistic description of the relationship between unemployment and output when monetary policy changes.