15 February 2017 at 8:40 GMT
Sweden's Riksbank: Today's meeting appears to be about the Riksbank wanting to maintain the ability to head either way on policy, with an odd insistence that it still sees more potential for a rate cut than a rate hike. This has caught the market a bit off guard after the December meeting seemed to show the limits of Riksbank dovishness and observers saw a slow transition away from accommodation. Slow indeed: the statement suggests no rate rises until beginning of 2018 and predicts the rate will be close to 0% in early 2019 (from -0.50% currently). As well, the bank maintained its currency intervention mandate, with a reservation against that entered by Flodén.
The disappointment for those looking for a less dovish Riksbank could see SEK backing off within recent ranges, but given the improving economic backdrop in Europe and strong global markets, it is hard to see a change of trend in EURSEK. Watching 9.50 resistance.
Link to Riksbank's press release: https://goo.gl/jliXDY