Central Bank lowers repo rate again

In a surprise move Thursday morning, Sweden's Central Bank has decided to lower the nation's repo rate by 0.1 percent, down to minus 0.35 percent.

Stefan Ingves, the Central Bank's governor, announced the unexpected decision at a press conference, saying that the motivation for the rate drop is to raise inflation and for a continued strengthening economic climate in Sweden. Ingves also cited worry about increasing global insecurity and the uncertain consequences of the Greek crisis.

The krona has strengthened against international currency since the last repo rate lowering in April, and the Central Bank calls for a "still more expansive" monetary policy in order to ensure reaching a two percent rate of inflation, with which they say a stronger krona interferes.