Sweden Riksbank announced that it has taken "the decision required to be able to instantly intervene on the foreign exchange market if necessary, as a complementary monetary policy measure".

The intervention decision has been delegated to Governor Ingves and First Deputy Governor af Jochnick in practice.

"Swedish krona has appreciated against most other currencies. If this development were to continue, it could jeopardise the ongoing upturn in inflation", Riksbank concludes.

The central bank also emphasises that it "maintains a high level of preparedness to take other monetary policy measures in addition to the currency interventions if this is necessary for inflation to stabilise around 2 per cent." Rate cut, additional QE and lending facility to companies are mentioned.