EUR/NOK to move about sideways in the short-term – Nordea EURNOK Norway ECB Banks
“The combination of lower energy prices and dwindling interest rate differentials are the key reasons behind the NOK’s decline.”will be the central bank to hike the most in the coming months, Norges Bank could have a few surprises in its sleeve. The Norwegian economy has fared better than feared, wage growth has been higher than expected, and the NOK is weaker than Norges Bank pencilled in. This argues for higher rates than previously signalled.
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