Swedish Interest Rates - Riksbank cuts 25 bps as expected

This morning at 8:30 GMT (3:30 EST) the Swedish Riksbank released their Interest Rate decision. This came along with CPI Inflation figures. Out of 18 analysts surveyed by Bloomberg before the announcement, 5 expected the Riksbank to hold rates steady at 1.75% while the other 13 expect the bank to cut. They did as the majority expected and CPI also came out lower which means the Riksbank still has room to cut more...The CPI came out first and there was a small delay of 5 or 10 seconds before the Rate Announcement then came thru the wires.

Here is the Data:

Sweden Riksbank Interest Rate
Estimates- Median: 1.5% Average: 1.57% Range: 1.50% to 1.75%
Actual: 1.50% Prior: 1.75% no revision
5 out of 18 for hold, 13 for cut

Sweden CPI - Headline Rate (MoM)
Estimates- Median: -0.5% Average: -0.5% Range: -0.7% to -0.4%
Actual: -0.9% Prior: +0.2% no revision

Sweden CPI - Headline Rate (YoY)
Estimates- Median: +2.3% Average: +2.2% Range: +2.1% to +2.4%
Actual: +1.9% Prior: +2.3% no revision

Sweden SW CPI - CPIF (MoM)
Estimates- Median: -0.5% Average: -0.5% Range: -0.6% to -0.3%
Actual: -0.7% Prior: 0.0% no revision

Sweden SW CPI - CPIF (YoY)
Estimates- Median: +1.1% Average: +1.0% Range: +0.4% to +1.3%
Actual: +0.9% Prior: +0.5% no revision

Sweden CPI Level
Estimates- Median: 312.97 Average: 313.05 Range: 312.75 to 313.50
Actual: 311.85 Prior: 314.75 no revision

Here is a 5 second chart of the EURSEK:

Here is the 30 second EURSEK chart which shows the move continued: