EUR/NOK: Market finds Norges Bank’s more restrictive approach credible, supporting Krone – Commerzbank EURNOK Norway Inflation InterestRate Banks
In June, NB proved to be courageous and sent out another restrictive signal ahead of the summer break. It hiked the key rate by 50 bps to 3.75% and signalled a further rate step for August. It expects the terminal rate to be 4.25%. If inflation remains stubbornly high it is quite possible though that Norges Bank takes even further action and that the terminal rate will be even higher in the end.
A lot can happen until then though. But high price data in conjunction with economic data that points towards a reasonably robust economy are likely to principally support NOK in view of Norges Bank’s determined approach as this increases the likelihood of a higher terminal rate.Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
EUR/NOK: Krone should be able to appreciate moderately against the Euro – CommerzbankNorges Bank is no longer falling behind the ECB in its determination. That is why economists at Commerzbank are comfortable with the forecast of a mod
Weiterlesen »
USD/JPY: Two scenarios for the Yen, levels around 160 can be imaginable – CommerzbankUlrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, imagines mainly two scenarios for the Yen. USD/JPY levels in the area of 160? One
Weiterlesen »
USD/TRY seen drifting up to 30.00 during 2024 – CommerzbankThe Turkish Lira broke out of its tight range after this year’s election, which saw President Tayyip Erdogan retain his power. Economists at Commerzba
Weiterlesen »
EUR/HUF: EU relations and monetary policy to remain fundamental negative factors for the Forint – CommerzbankEUR/HUF: EU relations and monetary policy to remain fundamental negative factors for the Forint – Commerzbank EURHUF Hungary InterestRate Europe Banks
Weiterlesen »
Sterling is likely to struggle to record further gains – CommerzbankEconomists at Commerzbank expect the British Pound (GBP) to weaken medium term as the Bank of England will continue to act hesitantly. The BoE remains
Weiterlesen »
Fears of a recession as inflation is not slowingThe latest financial reports released this week revealed that inflation-fighting efforts have not slowed inflation as much as it should have.
Weiterlesen »