Norges Bank decided to follow in the footsteps of Fed and Bank of England and made an emergency rate cut. The Norwegian central bank cut policy rate from 1.5% to 1%. The decision was unanimous and the Bank said it is prepared to cut further if needed. Norwegian strengthened further against the euro after the release. However, the pair still trades at the highest levels in history.
Source: xStation5
Market Wrap: Europe is back to green 🇪🇺 📈 Business activity finally accelerating ❓
BREAKING: European flash PMIs stronger than expected 📈EURUSD ticks higher
Economic calendar: European PMIs and PCE, GDP, PMI data from the US 🗽
Daily summary: Moderate risk, moderate declines
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
