- Analytics
- News and Tools
- Market News
- Further pressure on NOK if Norges Bank also keeps on hold in December – Commerzbank
Further pressure on NOK if Norges Bank also keeps on hold in December – Commerzbank
Norges Bank left monetary policy unchanged. Following the rate decision, NOK lost some ground. Economists at Commerzbank analyze Krone’s outlook.
Norges Bank’s decision is comparable to that of the Fed
The decision is comparable to that of the Fed. Both central banks are waiting for further data to then decide in December whether there will be another step. Neither wants to hike its key rate more than necessary, thus stalling the economy.
Norges Bank also mentioned the possibility of rates being kept on hold in the statement. For that to happen, though, inflation will first have to fall significantly and more notably than projected by the central bank.
If inflation remains stubbornly high there will definitely be another rate step. However, one thing is also clear: if inflation rates fall further doubts in a rate hike in December are likely to be cemented, putting further pressure on NOK.
© 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
