X-Trade Brokers - Analytics

    X-Trade Brokers

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    Norges Bank leaves rates unchanged

    The statement refers to:

    • the hightened uncertainty due to the Brexit vote
    • NOK being stronger than expected, but without any emphasis on it
    • the economy is likely to remain weak
    • the rise in house prices remains rapid, household vulnerabilities may increase
    • CPI outlook trudning more negative due to lower wage growth and stronger krone

    so the tone is somewhat dovish

    but NOK moved stronger on the release of decision/statement

    Any person acting on this information does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.

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