The Swedish Riksbank cut interest rates to -0.50% after having them left them at -0.35% since July of 2015. The Central Bank will continue its Government bond purchases over the first half as usual, reinvesting principal. Policy makers reiterated that the recent global turbulence, a continuing drop in energy prices and a relatively strong currency may push inflation into negative territory, fears also echoed by the President of the European Central Bank. The Swedish Central Bank Governor Stefan Ingves stated that the economy continues to grow, with annualized GDP expanding at 3.90% but inflation remains worrisome, stagnating at 0.10% after having risen back from deflationary levels. The Governor also expressed that the Central Bank is ready to use all means necessary in order to revive inflation. The Swedish Krona weakened against the US dollar, with USDSEK rallying to 8.4742 before pulling back.