News hitting the wires

  • additional QE of SEK 65bln
  • rate path reflects repo rate can be cut further
  • ready to intervene on fx market if needed
  • sees 2016 CPI at 1.4% vs 1.8% prev forecast
  • sees ave repo rate at -0.4% in 2016 vs -0.3% prev forecast
  • high level of prepared state to quickly make mon policy more expansive if inflation prospects deteriorate

Swedish 10-year bond yields fall to 2 month lows of 0.57%

EURSEK rises to 9.4360 in a rush. Currently 9.3947 and that is also now dragging on EURUSD