Sveriges Riksbank governor Stefan Ingves today laid out the tools the Swedish central bank has at its disposal in the fight against low inflation – underlining its willingness to do more if necessary.

"We could cut the repo rate more and defer repo rate increases until a later date, purchase more government bonds or issue loans to companies via the banks. Neither would we wish to rule out foreign exchange interventions," he said in a seminar at the Swedish Centre for Business and Policy Studies