Norwegian Krone At 2-day High Versus U.S. Dollar After Norway Rate Decision
13 Décembre 2018 - 6:20AM
RTTF2
The Norwegian Krone strengthened against the U.S. dollar in the
early European session on Thursday, after Norway's central bank
kept its key interest rate on hold and indicated the likelihood of
further rate hike in March 2019.
The Executive Board kept the key policy rate unchanged at 0.75
percent, the Norges Bank said in a statement. The decision was in
line with economists' expectations.
The bank noted that the outlook and the balance of risks pointed
to a gradual interest rate increase in the years ahead. "Our
current assessment of the outlook and the balance of risks suggest
that the policy rate will most likely be raised in March 2019",
Governor Øystein Olsen said.
The Norwegian Krone climbed to a 2-day high of 8.5306 against
the greenback, from Wednesday's closing value of 8.5677. Next
possible resistance for the Norwegian Krone is seen around the 7.7
region.
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