KRONE TO SUFFER SIGNIFICANT LOSSES IF NORGES BANK INDICATES MUCH EARLIER INTEREST RATE CUTS – COMMERZBANK
Economists at Commerzbank analyze how Norges Bank’s Interest Rate Decision could impact the Norwegian Krone (NOK).
NOK to remain unchanged if Norges Bank remains moderately restrictive
If Norges Bank remains moderately restrictive and does not surprise the market by bringing forward interest rate cuts, the effect on the Norwegian Krone should be neutral to slightly positive.
If, on the other hand, there is any indication of much earlier interest rate cuts (à la Riksbank), I would expect significant losses in the Norwegian Krone.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.