Norway's central bank lowers key interest rate

Source: Bloomberg
© Dukascopy Bank
Norwegian central bank decided to lower its key interest rate for a second straight meeting as krone's appreciation was perceived as more significant risk than the threats of housing bubble. Overnight deposit rate was cut by 0.25 percentage point to 1.5% following a 0.5 percentage point chop in December. Krone plunged 1.4% versus Euro to NOK 7.5592 and lost 1.6% against US Dollar to NOK 5.7903. Currently EUR/NOK is trading at  NOK 7.5851 and USD/NOK is trading at NOK 5.8128.
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.