Reference Rate

The reference rate (referensränta) is a key economic indicator determined and published by the Swedish Riksbank (Central Bank of Sweden) for each calendar half-year. It serves as the foundational component for calculating various statutory interest rates, including default interest, under the Interest Act. The reference rate reflects the prevailing economic conditions and the Riksbank's monetary policy. By linking statutory interest to this publicly announced rate, the Act ensures that interest calculations are transparent, predictable, and responsive to changes in the broader economic environment.