9:04 AM · 19 September 2019

Breaking news: NOK climbs as Norges Bank pulls the trigger

The Norwegian krone is climbing after the central bank decided to hike rates by 25 basis points. Nevertheless, the Norges Bank also suggested that rates to remain at current levels in the coming period. That in practice means the bank may have already reached its ceiling in terms of monetary tightening amid other central banks cutting rates.

The EURNOK falls after the 25 bps rate hike. Source: xStation5

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