Norwegian Krone Soars After Norges Bank Hikes Interest Rate

Jun 21,2019 06:15   Source:Earnforex
The Norwegian krone surged today after the nation’s central bank announced an interest rate hike and signaled about probability of additional hikes in the future. The Norges Bank announced today that it raises its main interest rate by 0.25 percentage point to 1.25 percent. The bank commented on the decision: Growth in the Norwegian economy is solid, and capacity utilisation is estimated to be somewhat above a normal level. Underlying inflation is a little […]

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