Price pressure in Norway surprisingly eased in August. Economists at Commerzbank analyze NOK's outlook following the publication of the latest data. I
Price pressure in Norway surprisingly eased in August. Economists at Commerzbank analyze NOK's outlook following the publication of the latest data.At its last meeting, Norges Bank had signalled a further rate step for September. It is likely to stick to that despite the inflation surprise.
Despite the positive surprise with the inflation data, Norges Bank is likely to remain hawkish for now, which is likely to support Krone. The market seems to take a similar view as the krone reacted only cautiously negatively to the data surprise on Monday.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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