Sveriges Riksbank

What Sveriges Riksbank does

Sveriges Riksbank is Sweden's central bank, founded in 1668, and operates as one of the world's oldest central banks under the Sveriges Riksbank Act. It is wholly state-owned, accountable to the Riksdag (Swedish Parliament), and headquartered at Brunkebergstorg 11 in Stockholm. The institution's mandate centers on three statutory functions: conducting monetary policy to maintain price stability (2% inflation target), ensuring financial system stability, and providing a safe and efficient payment system. Current operational posture reflects a hawkish stance with the policy rate held at 1.75% as of June 2026, against a backdrop of 0.7% headline inflation.

The Riksbank's core technology stack comprises the RIX payment system — RIX-RTGS for large-value gross settlement and RIX-INST for instant payments — supplemented by the Swestr transaction-based reference rate (published daily via API), the e-krona retail CBDC pilot, and Riksbank Certificates for monetary policy liquidity management. Monthly Riksbank Certificate auctions routinely exceed 480 billion SEK in nominal volume, and government bond auctions involve 200 million SEK per bond in inflation-linked series. The Riksbank is transitioning its large-value payment infrastructure to the European T2 platform with ongoing T2S negotiations as of June 2026. Public data is distributed through multiple REST-style APIs covering interest rates, exchange rates, Swestr data, macro forecasts, and turnover statistics.

The institution does not operate on commercial revenue mechanics. Its operations are funded as part of Sweden's public finances, and its primary outputs — monetary policy, payment system access (RIX), currency issuance, and statistical publications (Monetary Policy Report, Financial Stability Report, Payments Report) — are public goods provided at no charge. Customer segments span Swedish commercial banks and financial institutions (RIX participants), the general public and businesses (currency and payment users), government and public sector agencies (infrastructure partners), and international central banks and institutions (ECB, BIS, IMF, Nordic-Baltic network). Leadership rests with Governor Erik Thedéen following the December 2025 departure of First Deputy Governor Anna Breman to the Reserve Bank of New Zealand.

Name

Sveriges Riksbank

Legal name

Sveriges Riksbank

Website

https://riksbank.se

Company type

Private

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Sveriges Riksbank is Sweden's central bank, founded in 1668, responsible for monetary policy, financial stability, and operating the RIX payment system. It serves Swedish banks, citizens, businesses, and international institutions with public monetary and payment infrastructure services.

Ownership category

akta.pro rank

Product category

Central Banking

NAICS

Monetary Authorities-Central Bank (52111)

SIC

Finance Services (6199), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

International Monetary & Financial Stability Institutions (BPADACAE)

Keywords

• Central banking services
• Monetary policy implementation
• Payment system infrastructure
• Financial stability oversight
• Central bank digital currency

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Distribution channels4 records

Marketing channels9 records

Core offering

Sveriges Riksbank is Sweden's central bank, conducting monetary policy to maintain price stability (2% inflation target), operating national payment infrastructure through the RIX system (RIX-RTGS for large-value payments and RIX-INST for instant payments), issuing Swedish currency, and overseeing financial system stability. The bank also manages the Swestr reference rate, conducts Riksbank Certificate and government bond auctions for liquidity management, and is piloting the e-krona retail central bank digital currency.

Product overview

Sveriges Riksbank is Sweden's central bank operating as a single unified institution with interconnected products and services spanning monetary policy, payment systems, and financial market infrastructure. Its core product suite centers on the RIX-RTGS and RIX-INST payment systems (large-value and instant interbank fund transfers), supplemented by the e-krona retail CBDC pilot, the Swestr transaction-based reference rate, and regular government bond and Riksbank certificate auctions for monetary policy operations. The Riksbank also publishes the annual Betalningsrapport (Payments Report) analyzing payment market developments and policy, the Penningpolitisk rapport (Monetary Policy Report) with rate decisions and forecasts, and the Finansiell stabilitetsrapport (Financial Stability Report). Public data access is provided through multiple open APIs for interest rates, exchange rates, Swestr, macro forecasts, and market statistics.

Differentiator

Problem solved

Functional benefit

Products and services

• RIX-RTGS (Betalningssystemet RIX) The Riksbank's large-value gross settlement system for high-priority interbank payments and central bank operations, forming the backbone of Sweden's payment infrastructure for Swedish banks and financial institutions.
• RIX-INST The Riksbank's instant payment system enabling real-time interbank fund transfers in Swedish kronor, part of Sweden's domestic instant payments infrastructure under development.
• E-krona Pilot A potential retail central bank digital currency (CBDC) that the Riksbank has been piloting and investigating as a new form of digital public money for Swedish consumers and businesses.
• Swestr (Swedish Euro Short-Term Rate) The Riksbank's transaction-based reference rate for unsecured overnight lending in the Swedish interbank market, published daily and made available via API for financial market participants.
• Riksbankscertifikat (Riksbank Certificates) Short-term debt instruments issued by the Riksbank in regular auctions as part of monetary policy liquidity management operations for Swedish banks and financial institutions.
• Government Bond Auction Program Regular auctions of Swedish government bonds, including inflation-linked bonds, conducted by the Riksbank on behalf of the Swedish National Debt Office for financial market participants.
• Penningpolitisk rapport (Monetary Policy Report) The Monetary Policy Report presents the Riksbank's interest rate decisions and economic projections, including the policy rate path, inflation forecasts, and GDP growth assessments.
• Finansiell stabilitetsrapport (Financial Stability Report) The Financial Stability Report assesses risks to the Swedish financial system, including analysis of banks, financial infrastructure, and macroprudential policy considerations.
• Betalningsrapport (Payments Report) The Riksbank's annual Payments Report series analyzing Swedish payment habits, infrastructure resilience, accessibility, and policy recommendations for the payments ecosystem.
• Statistik via API (Open Data APIs) Public APIs for machine-readable access to interest rates, exchange rates, Swestr data, macro indicator forecasts and outcomes, and market turnover statistics for developers and institutions.

Quantifiable outcome

• 2% inflation target maintained over time
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• B3 Consulting Group ABcoreTechnology or Integration · 25 June 2026B3 Consulting Group AB (publ) was awarded a framework agreement by Sveriges Riksbank to support the development and maintenance of Sweden's national payment infrastructure, including the RIX payment system. The agreement supports the Riksbank's modernization strategy, including transition to the European T2 platform for large-value payments, enhanced cybersecurity measures, and continued development of contingency solutions. This collaboration reflects the Riksbank's efforts to enhance the resilience, efficiency, and accessibility of Sweden's payment systems.
• Bank of AmericaminorOthersBank of America released its 2026 USD/SEK and EUR/SEK exchange rate forecasts for the Swedish krona, projecting gradual appreciation with central forecasts of 10.10 and 10.90 respectively. The analysis attributes expected SEK strength to the Riksbank maintaining a hawkish monetary policy stance relative to the ECB.
• Swedish Finance Sector and National Security OrganizationscoreStrategic or Co-development PartnerSweden's central bank, the Riksbank, the finance sector, and national security organizations are increasing cooperation to improve cybersecurity following recent cyberattacks by foreign actors. The effort includes launching cybersecurity competitions, developing crisis management protocols, and advocating for legal reforms to address targeted cyber threats.
• Euroclear Sweden ABcoreTechnology or IntegrationEuroclear Sweden AB serves as the securities settlement system for Riksbank government bond auctions and other securities operations, providing technical infrastructure for settlement and delivery of securities.
• European Central Bank (ECB)coreStrategic or Co-development PartnerThe Riksbank participates in European cooperation including the T2 platform transition for large-value payments, ECB Economic Report collaboration, and harmonization of financial infrastructure under EU frameworks.
• Bank for International Settlements (BIS)coreStrategic or Co-development PartnerThe Riksbank collaborates with BIS on global monetary policy cooperation, financial stability research, and international banking statistics (IRIS reporting framework).
• International Monetary Fund (IMF)coreStrategic or Co-development PartnerThe Riksbank participates in IMF cooperation on international monetary policy, financial stability, and economic surveillance.
• Nordic-Baltic Cooperation NetworkcoreStrategic or Co-development PartnerThe Riksbank participates in Nordic-Baltic cooperation including cross-border payment harmonization, shared payment infrastructure initiatives, and regional financial stability coordination.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Reserve Bank of New Zealand: New Zealand's central bank, now led by former Riksbank Deputy Governor Anna Breman. Comparable in monetary policy mandate, inflation targeting framework, and operational scale.
• Norges Bank: Norway's central bank, conducting monetary policy, managing sovereign wealth fund operations, and operating payment systems. Most directly comparable Nordic peer with similar mandate, scale, and policy framework.
• Swiss National Bank: Switzerland's central bank, conducting monetary policy and operating payment infrastructure. Comparable in operational scope, currency management, and small open economy policy framework.
• Danmarks Nationalbank: Denmark's central bank, operating a similar monetary policy mandate and managing the krone peg. Closely comparable in size, Nordic context, and policy framework.

Broad incumbents

• European Central Bank (ECB): The central bank for the eurozone, overseeing monetary policy across 20 member states. Directly relevant as the Riksbank is transitioning to the T2 platform and harmonizing payment infrastructure with the ECB.
• Bank of England: The UK's central bank, also among the world's oldest (founded 1694). Comparable as a long-established central bank with active CBDC research (Britcoin) and similar monetary policy operations.
• Bank of Japan: Japan's central bank, also actively researching CBDC architecture and conducting extensive monetary policy operations. Comparable in advanced CBDC research stage and monetary policy complexity.
• Federal Reserve System: The U.S. central bank system. While much larger and structurally different, comparable in core central banking functions and FedNow instant payment infrastructure parallels RIX-INST.
• Bank of Canada: Canada's central bank, with active research on a digital Canadian dollar and similar payment infrastructure modernization. Comparable in monetary policy framework and CBDC research maturity.

Others

• Bank for International Settlements (BIS): International organization of central banks facilitating global monetary cooperation. The Riksbank is an active member collaborating on financial stability research and IRIS reporting.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/SverigesRiksbank
• Facebookfacebook.com/sverigesriksbank
• LinkedInlinkedin.com/company/sveriges-riksbank
• Instagraminstagram.com/sveriges_riksbank
• Xx.com/riksbanken

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sveriges Riksbank