- Analytics
- News and Tools
- Market News
- EUR/NOK set to slide below the 10 mark – Commerzbank
EUR/NOK set to slide below the 10 mark – Commerzbank
In the view of economists at Commerzbank, Norges Bank might become even more restrictive. Subsequently, the EUR/NOK pair could fall below the 10 level.
Real interest rates in Norway to be in negative territory more quickly than in the eurozone
“With the publication of the Norwegian inflation data for May, the likelihood of Norges Bank signalling an even tighter rate path than previously at its meeting on 23rd June has risen slightly. A 50 bps rate hike cannot be excluded completely either.”
“Yes, the ECB will also hike its key rate. However, Norges Bank too started this process a long time ago and, in my view, this is going to be accelerated further. The real interest rates in Norway are therefore likely to leave negative territory more quickly than in the eurozone. That suggests that EUR/NOK will be able to fall to 10 and also below.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
