Norway Central Bank Hikes Policy Rate to 1.5% vs 1.25% By

© Reuters. — Norway’s hiked its policy rate to 1.5% from 1.25%, saying that “Growth in the Norwegian economy remains solid, and capacity utilzation is somewhat above a normal level,” adding that “underlying inflation is close to the inflation target.” However, it revised down its estimates for the future path of the policy rate, citing “weaker growth prospects and lower interest rates abroad.”

  • Says higher policy rate needed to “mitigate the risk of a renewed acceleration in debt growth and house price inflation.”
  • Warns that “considerable uncertainty surrounding global growth prospects” warrants caution in future.
  • Krone strengthens to 1-month high vs dollar in response; USD/NOK at 8.9046 vs 8.9426 before the announcement.
  • EUR/NOK at 9.8589 vs 9.8951 beforehand, testing two-month low.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *