Sweden's Riksbank with latest policy announcement 4 July
- bond purchases remain according to plan
- purchases of govt binds will continue during H2 as decided in April
- first rate increase not expected to be until middle 2018
- does not rule out repo rate cuts in period ahead
- important that krona does not appreciate too rapidly
Scared of an overvalued ccy? Have a word with the SNB.
SEK falls on the news. EURSEK up to 9.9640 USDSEK up testing 8.5400 before both retreating.
USDSEK 15min
