Scandinavian surprises

As a rate cut by Sweden’s central bank sends the krone to a 3 1/2 year low, Delphine Strauss, currencies correspondent, asks Chis Turner, strategist at ING, whether ECB easing has sparked a race to the bottom among the eurozone’s neighbours. Also: how far will the ECB still be concerned about euro strength, and what to make of intervention to defend Kong Kong’s currency peg?