Riksbank ready to launch new measures ‘at short notice'


Sveriges Riksbank could take measures "at short notice" to further expand monetary policy if its 0% interest rate fails to counter a drop in consumer prices, new minutes reveal.

The Swedish central bank cut its repo rate to zero in October to combat falling inflation prompted by low external demand and plummeting oil prices. It extended the period it expects interest rates to remain at 0% in December.

Since then, the oil price has dipped to its lowest level since May 2009 while inflation in the

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