Norway's central bank held its monetary policy meeting last week where it left the interest rates unchanged at record lows of 0.5%. This was widely expected by the markets but the central bank laid the groundwork for a possible rate hike in September. This was in line with the forecasts given by the central bank in March. In its monetary poli...

2018-06-28 John Benjamin Read more
NOK Rallies As Norges Bank Reaffirms Rate Hike

In line with recent upbeat commentary and forward guidance it seems likely that Norges Bank will be the next in the G10 bloc to start tightening its monetary policy. At its latest meeting, held earlier yesterday, the bank signalled that it was expecting to raise rates in Q3. However, given the recent downturn in data this view seems conflicted, ...

2018-05-04 James Harte Read more
Norges bank rate hike

The Norwegian central bank held its monetary policy meeting last week. As expected, interest rates were left unchanged at 0.50%. The central bank however, lifted the rate path which was in line with market expectations. "The outlook for the Norwegian economy suggests that it will soon be appropriate to raise the key policy rate," the central ...

2018-03-28 John Benjamin Read more
Olsen_Norges_2102

Øystein Olsen, Governor of the Central Bank of Norway. Image via Norges Bank. Foto: Jørgen Kvam Further Rate Cuts Unlikely At their September meeting, Norges Bank signalled that further rate cuts were unlikely to materialise and the deposit rate would instead remain close to 0.5% over the coming years. This forecast was largely fuelled by ...

2017-02-21 James Harte Read more
NOK_Norges

June View Out Of Sync In the June MPR, Norges Bank indicated a 100% likelihood of a September rate cut based on their economic forecasts at the time. However, domestic developments since then have deviated from the central bank’s projections and are likely to have a significant effect on their risk assessment at today’s meeting. Growth  &...

2016-09-20 James Harte Read more
ZAR_Exotic currencies

Exotic currencies are defined as those currencies that are not widely used in international trade and in the context of the currency markets, the exotic group of currencies are those that fall outside of the classification of majors and minors. Some of the most commonly available exotic currencies are: MXN - Mexican Peso NOK - Norwegia...

2016-07-05 John Benjamin Read more