USD/NOK: Rate cut surprise fades as crude calls the shots
Norges Bank cut earlier than expected, but the krone barely blinked. With USD/NOK still tracking oil and risk sentiment more than rates, geopolitical headlines remain the dominant driver.
Articles tagged with "norges-bank"
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EUR/NOK running higher as ECB members remain hawkish
Despite the NorgesBank saying that it will hike rates 25bps at in March, the ECB has pre-committed to increasing rates by 50bps and says that there is more to come.
Norges Bank pumps the brakes on interest rate hikes
The Norges Bank left rates unchanged, however said that it expects to hike rates at the March meeting.
Norges Bank hikes 50bps; more to come?
If inflation continues to increase in Norway, expect that the Norges Bank will continue to hike rates!
Norges Bank surprises and hikes 50bps
Concerns of a rising inflation with a tight labor market were the reasons for the greater magnitude in the hike.
USD/NOK getting knocked around
There are many variables in play this week which already have USD/NOK up 1.5% this week.
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