Posts Tagged ‘inflation’

All eyes seem to be focused on the recent strengthening of the euro in relation to the majority of other traded currencies.

Indeed, this eighteen-nation benchmark was seen to be trading at the highest levels so far this year; rising 0.6 per cent in early trading while even briefly touching upon $1.3813 dollars. This value has not been seen since late December of 2013.
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Norges Bank decided today to keep the key interest rate unchanged at 2 %, as expected by Bloomberg forecasts.

Governor Svein Gjedrem explain why:
“Recent developments in the Norwegian economy have been broadly in line with expectations. Activity is rising moderately. Inflation has slowed and is now below 2 per cent”.

Better global growth

Norges Bank find the global economic growth to be slightly stronger than expected. The outlook for Europe is now a bit better, while the growth of the US economy is more uncertain.

OnlineForex.net find it likely that Norway keep main interest rates unchanged at 2 % for another few months.