Riksbank announces that's it's prepared to act
- Central bank says has taken decision required to be able to instantly intervene in FX if necessary
- Riksbank has no target for exchange rate but it's an important factor in inflation forecast
- Central bank maintains a high level of preparedness to take other measures in addition to FX intervention
- Repo rate could be cut further
- Securities purchases could be extended
- Could lend money to companies via banks
- Thought it was appropriate to wait before implementing any further actions
Not much reaction from SEK but it's another sign of the times.
