Sweden’s central bank has decided to boost its quantitative easing programme in an effort to hold down the krona and boost inflation.
The central bank said it would be ready to increase the bond buying further if necessary.
The Riksbank has decided to buy a further SKr45bn (£3.8bn) of government bonds in the second half of this year.
It said: “There is still a high level of preparedness to make monetary policy even more expansionary if this is needed to safeguard the inflation target.”
The central bank, however, left interest rates on hold, with the repo rate at -0.5 per cent.
In February, the bank decided to move further into negative interest rate environment with a bigger than expected cut from -0.35 per cent to -0.5 per cent.
The move from Riksbank followed the decision from the European Central Bank to cut interest rates and expand its asset purchase programme in March.
The ECB announced a 10 basis point cut to the deposit facility bringing the rate is in negative territory, at -0.4 per cent. It also cut the benchmark rate by 5 basis points to 0 per cent.
Equally, in January, the Bank of Japan unexpectedly cut its rates to -0.1 per cent. The decision led Japanese 10-year government bonds yields to hit zero in the following days.