Riksbank keeps rates unchanged at -0.50%, as expected

At its latest monetary policy meeting on Wednesday, Riksbank, the central bank of Sweden, decided to keep the key interest rates unchanged at -0.5%. 

The decision was on expected lines and lifted the Swedish Krona sharply higher. In a knee-jerk reaction to the announcement, the EUR/SEK pair quickly retreated from session high level of 9.8064 and touched an intraday low level of 9.7625.