The Swedish central bank cut its key repo rate to -0.35% from -0.25% on Thursday, due to increased uncertainty abroad and the current situation in Greece. Furthermore, the Riksbank stated that it would purchase government bonds worth 45 billion SEK from September till the end of 2015. Since the last interest rate cut in March, the Swedish currency has strenghtened and long-term yields have widened, counter to the aims of the Riksbanks.