Today, Sweden's Riskbank kept policy steady and interest rates at -0.35% as economic prospects for future improve.

Though it indicated that to safeguard upturn in inflation, monetary policy needs to be very expansionary, no easing was enough to push Krona stronger against both Euro and Dollar. Krona is currently trading at 8.416 per Dollar, stronger by 0.71% so far today. Euro is strong today, but krona is up 0.5% even against single currency, trading at 9.27 per Euro.

Movement is significant, given median expectation was for no change in policy. However, in the past, Riskbank has surprised market, with unexpected policy easing.

As of now, Riskbank is expected to continue asset purchase for first half of 2016, which would amount total 200 billion Krona by end June, 2016. It has also pledged not to raise rates until inflation reaches 2% goal, which the bank expects won't happen until H1 2017.

In today's policy statement, it has reiterated once more, the banks' readiness to act further if needed, even between scheduled meetings. However mentioning of 'somewhat stronger economy' is what leading to Krona's rally today.