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Riksbank Expands QE; Says More Steps Possible Between Meetings

A sign on an entrance reads Sveriges Riksbank at the Swedish central bank headquarters in Stockholm, Sweden.
Photographer: Mikael Sjoberg/Bloomberg
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Sweden’s central bank surprised markets with a bigger-than-expected expansion of its asset purchase program, and said there’s room to deliver more stimulus between scheduled meetings.

“If the world changes, if there’s turbulence for various reasons and if we conclude that we need to do something between meetings, we will do so,” Governor Stefan Ingves said during a virtual press briefing in Stockholm on Thursday.