Norwegian krone gains after central bank comments

Comments from Norway’s central bank, Norges Bank, made gains for the Krone against Euro. “Key interest rates should be increased to a “more normal level”, according to Norges Bank.

They have seen increased economic activity among the major trading partners, such as Germany and Sweden the latest months. Inflation remains stable below 2.5 % and interest rates were kept still at 2 %.

Analysts expects gains in Norwegian interest rates

However, currency analysts expect Norway to increase interest rates earlier than previously expected. Lets see if we have any interest rate increases
before Christmas. The krone rose 0.3 % against the USD and 0.2 % against the EUR after the news was announced.

What do you think about interest rates in Norway?

Leave a Reply