8:23 AM · 7 May 2020

BREAKING: Norges Bank cuts rates to zero

Norges Bank surprised investors during today's interest rate announcement. Bank was expected to hold the main rate unchanged at 0.25% but instead decided to cut it to 0%. Norwegian central bankers expect rates to stay at this level "for some time". Norges Bank expects 5.2% contraction in mainland GDP this year. NOK weakened on the release.

USDNOK erased decline and moved significantly higher on Norges Bank rate decision announcement. However, a knee-jerk move higher was halted by the downward trendline. Source: xStation5

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European Central Banks publishes minutes📋EURUSD gains slightly

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Chart of the day: AUDUSD (27.11.2025)

27 November 2025, 10:12 AM

BREAKING: Eurozone Sentiment: Cautious Consumers, Optimistic Services

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