EUR/NOK to fall back to 10.20 as NB gives green light for September rate hike – ING
newscatcher
2021-08-19 10:30
EUR/NOK to fall back to 10.20 as NB gives green light for September rate hike – ING
Norges Bank's confirmation that rates will be raised in September failed to have any positive impact on the Norwegian krone. For NOK to start benefiting from the NB hawkishness, we will need to see some improvement in sentiment surrounding global growth and risk appetite, according to economists at ING. 'Norges Bank says it's likely to raise rates in September, and we can expect another one in December and probably two more in 2022.' 'We need to start seeing some improvement in the global growth outlook and risk sentiment in order for the krone to benefit from NB hawkishness.

https://www.fxstreet.com/news/eur-nok-to-fall-back-to-1020-as-nb-gives-green-light-for-september-rate-hike-ing-202108191023

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