The Norwegian Krone is the top-performing major currency on the day its central bank says it won't cut interest rates until 2025.
September 19,2024
July 31,2024
A mixture of British Pound outperformance and a marked decline in the Krone has set up GBP/NOK for its strongest-ever weekly close.
July 12,2024
The Norwegian Krone rose sharply after the Norges Bank maintained interest rates and signalled it was not any closer to cutting interest rates.
June 20,2024
NOK has rallied following a central bank decision to hold interest rates, but a leading currency analyst warns gains may prove fleeting.
May 3,2024
The Norwegian Krone raced ahead of its G10 peers after Norges Bank signalled it was no closer to cutting interest rates.
January 30,2024
The Norwegian Krone surged against the Pound, Euro, Dollar and other G10 peers after Norges Bank unexpectedly raised interest rates by 25bps to 4.5%.
December 14,2023
The Norwegian Krone was softer in the wake of a Norges Bank decision to keep interest rates on hold and update guidance that drew doubts on whether a December rate hike was now likely.
November 2,2023
The Norwegian Krone rallied against the Pound and other major currencies after Norges Bank raised interest rates by 25 basis points and committed to a further hike before the year is done.
September 21,2023
Norges Bank surprised markets with a 'hawkish' policy decision Thursday, prompting a rally in the value of the Norwegian Krone.
June 22,2023
The Norwegian Krone rallied broadly in the final session of the week as new highs for local inflation prompted the market to reconsider the outlook for Norges Bank interest rates and drove GBP/NOK further away from post-pandemic highs in what could be the beginning of a deeper setback for Sterling.
June 9,2023
The Norwegian Krone outperformed its major peers on Thursday after the Norges Bank raised interest rates and committed to further rate hikes.
March 23,2023
Norway's Krone fell in the minutes following a Norges Bank decision to hike interest rates 50 basis points, an increment markets judge to be too meek in the current high-inflation environment.
September 22,2022
"The fact that the Norges Bank is charged with promoting financial stability, as well as the more standard task of keeping inflation in check, means that he will face battles on multiple fronts".
February 4,2022
The Norwegian Krone underperformed along with many other European currencies on Thursday but the outlook for it is underpinned and its scope for declines relatively limited by an increasingly ‘hawkish’ Norges Bank, which has said it’s now likely to raise interest rates in September.
June 17,2021
The Norwegian Krone lifted from two week lows against the Dollar and Pound on Thursday after the Norges Bank reiterated its intention to begin lifting interest rates later this year, although it continued to make that commitment contingent upon “clear signs that economic conditions are normalising.”
May 6,2021
The Norwegian Krone meandered along the middle of major currency road Tuesday but could accelerate through the 2021 rankings this summer as Europe frees itself from a coronavirus vaccination mire, a global economic upswing lifts oil prices and the Norges Bank raises interest rates before any of its peers.
March 30,2021
The Norwegian Krone was a middle of the road performer among major currencies on Thursday, enabling GBP/NOK to arrest an earlier decline as the Nordic currency took in its stride suggestions from the Norges Bank that it could begin lifting interest rates before the year is out.
March 18,2021
The Norwegian Krone is being tipped by a number of analysts we follow to perform strongly in the near future as they expect Norway's central bank to begin raising rates well before the Bank of England, Federal Reserve and European Central Bank.
March 16,2021
The Krone is already the New Year's best performing major currency thanks to a superior set of economic and financial fundamentals but occasional bouts of weakness in oil price are likely to offer investors further opportunities to buy the Norwegian currency on dips in the year ahead, according to ABN Amro.
January 14,2021