Sweden cuts rates below zero and starts QE

Sweden's central bank (Riksbank) decided to cut its key interest rate from 0% to a record low of -0.1%. It also launched a programme of quantitative easing (QE), buying government bonds worth 10 billion kronor ($1.2bn) to inject cash into the economy.

Riksbank said that there was a risk that inflation would not rise fast enough. The Swedish krona fell to its lowest level since 2010 after the announcement.

The Wall Street Journal, 12.02.15: Sweden Cuts Rate, Announces Bond-Buying Program http://www.wsj.com/articles/sweden-cuts-rate-announces-qe-1423731254?tesla=y

The Local.se, 12.02.15: Sweden gets record low negative interest rate http://www.thelocal.se/20150212/sweden-gets-record-low-interest-rate

The New York Times, 12.02.15: Sweden Cuts Interest Rate and Plans Bond-Buying Program http://www.nytimes.com/2015/02/13/business/international/sweden-cuts-interest-rate-and-announces-bond-buying-program.html

Riksbank: Press Release, 12.02.15: Riksbank cuts repo rate to −0.10 per cent, buys government bonds for SEK 10 billion and is prepared to do more at short notice http://www.riksbank.se/en/Press-and-published/Press-Releases/2015/Riksbank-cuts-repo-rate-to-010-per-cent-buys-government-bonds-for-SEK-10-billion/

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