Norges Bank delivered a well-telegraphed 25 bps hike today, but surprised markets by signalling rates will likely be increased again to 4.50% in December and left at that level throughout 2024.
For now, however, 11.50 is the gravity line, and only a change in external conditions seems likely to shake NOK from its low-volatility torpor.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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EUR/NOK: Krone is vulnerable if Norges Bank does not hike in DecemberNorges Bank decided to up the ante again and not only increased the key rate by 25 bps to 4.25% but also signalled one more rate hike before the end o
Source: FXStreetNews - 🏆 14. / 72 Read more »
EUR/NOK needs US data turn to move back downNorges Bank is widely expected to raise rates by 25 bps. Economists at ING analyze NOK outlook ahead of the Interest Rate Decision. NOK could receive
Source: FXStreetNews - 🏆 14. / 72 Read more »
NOK should begin to slowly appreciate over the course of the year and nextAntje Praefcke, FX Analyst at Commerzbank, analyzes NOK outlook ahead of Thursday’s Norges Bank meeting. Norges Bank unlikely to deviate from its path
Source: FXStreetNews - 🏆 14. / 72 Read more »
Norway central bank raises rate to 4.25%, eyes surprise December hikeNorway's central bank raised its benchmark interest rate by 25 basis points (bps) to 4.25% on Thursday to curb inflation, as widely predicted, and, in a surprise move, said it would likely hike again in December.
Source: Reuters - 🏆 2. / 97 Read more »
A Titanic Exhibit Opens at National Harbor Next MonthThe touring exhibitio, with never-before-seen artifacts, will be in the DC area until December.
Source: washingtonian - 🏆 74. / 68 Read more »
Mozambique Host Country of CSR MOZ 2023, 6 - 7 December 2023, Maputo, Mozambique“CSR in Mozambique: Creating Value Through Sustainable Collaboration” AME Trade Ltd is pleased to announce the launch of its inaugural event, CSR and Sustainability Summit Mozambique 2023 (CSR MOZ 2023), in Maputo, Mozambique. This pivotal conference will take place from 6 - 7 December at the Polana Serena Hotel.
Source: MiningWeeklyAUS - 🏆 233. / 63 Read more »