Sweden’s krona fell Tuesday after the central bank said the economy is slowing.

Bloomber said that Swedish central bank deputy governors Per Jansson and Barbro Wickman-Parak “thought a great deal” about cutting the repo rate by half of a percentage point last month to boost a Swedish economy hurt by Europe’s debt crisis.

“During the autumn it has become increasingly clear that the weak developments abroad and the distrust linked to the political crisis have gnawed their way into the Swedish economy,” Wickman-Parak said in the minutes.

The krona weakened against all its major peers, declining 0.6 percent per euro.