- Analytics
- News and Tools
- Market News
- Downside risks will continue to dominate NOK short-term – Commerzbank
Downside risks will continue to dominate NOK short-term – Commerzbank
It is quite possible that in August Norges Bank will hike its key rate more strongly than the 25 bps signalled. However, the Norwegian krone is set to remain under pressure amid the risk of a massive energy crisis, economists at Commerzbank report.
More pronounced rate hikes in Norway possible
“The CPI data for July is likely to be decisive for the extent of the step –25 or 50 bps – as the data will be available prior to the August meeting. If the data continues to point towards continuous upside pressure on prices, Norges Bank is likely to hike by another 50 bps. This might provide support for NOK.
“However, while the uncertainty about a possible gas crisis keeps risk aversion high, the krone will continue to struggle. I, therefore, expect that downside risks will continue to dominate NOK short-term.”
© 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
