In accordance with its assessment in the most recent stability report, FI is leaving the countercyclical buffer rate unchanged in the second quarter. The buffer rate of 2 per cent, which was applied starting on 22 June 2023, shall thus continue to apply. The countercyclical buffer guide is calculated at 0 per cent.
The table shows the current buffer rate as well as future buffer rates that have been decided.
Current buffer rate | New decided buffer rate [when relevant] (to be applied from) | Credit-to-GDP gap | Buffer guide |
---|---|---|---|
2 per cent | - | -15 ppts | 0 per cent |
Note: Due to revisions in SCB's national accounts, the Credit-to-GDP gap and the Buffer guide are only estimated up to the fourth quarter of 2023. At the next quarterly review of the countercyclical buffer rate, we will once again publish the Credit-to-GDP gap and the Buffer guide for the latest quarter available.
According to the Capital Buffers Act (2014:966), FI must change or determine the countercyclical buffer rate when necessary. According to the same Act, FI must calculate a countercyclical buffer guide for each quarter.