Norwegian Krone Climbs To 2-day High Versus Euro After Norway Rate Decision
22 Juin 2017 - 8:34AM
RTTF2
The Norwegian Krone advanced against the euro in the European
session on Thursday, after Norway's central bank decided to leave
its key interest rate unchanged for the ninth consecutive policy
session.
The executive board of the Norges Bank voted to retain the key
policy rate at 0.50 percent, in line with expectations.
"The Executive Board's current assessment of the outlook and the
balance of risks suggests that the key policy rate will remain at
today's level in the period ahead," said Governor Oystein
Olsen.
The Norwegian Krone that ended Wednesday's trading at 9.5270
against the euro rose to a 2-day high of 9.4590. Continuation of
the Krone's uptrend may see it challenging resistance around the
9.3 zone.
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