Sweden's central bank with their latest policy decision 21 April
- key repo rate unchanged at -0.5%
- Riksbank to purchase govt bonds for a further SEK 45bln
- re-iterates readiness to do more
- scope to cut the repo rate further
- prepared to make mon pol more expansionary if needed, even between ordinary mon pol meetings
That last comment will keep SEK traders on their toes.
"The Riksbank's monetary policy has contributed to stronger economic activity and rising inflation. But although inflation is rising, the upturn is fitful. At the same time, there is still uncertainty over global developments and monetary policy abroad is very expansionary. To safeguard the rising trend in inflation, monetary policy in Sweden needs to continue to be expansionary."
Full Riksbank report here
