Sweden pushes rates further into negative territory

Sweden’s central bank lowered its key interest rate further into negative territory in order to stall the appreciation in Krona and counter imported inflation.

The bank cut repo rate to minus 0.50% from minus 0.35%. The bank said purchases of government bonds will continue as planned for the first six months of this year and that it “will reinvest maturities and coupons from the government bond portfolio until further notice.”