NOK: Norges Bank staying put – ING

Sandeep Kanihama FXStreet Contributor

Analysts at ING are looking for the NB to remain on hold this week, in line with market expectations.

Key Quotes

“As no economic and interest rate projections are published during the January NB meeting, there is a little scope of the NB statement (without new interest rate projections) to effect NOK.”

“Oil price seems to be stabilising and not persistently breaking above 70 $/bbl, meaning the NOK upside seems limited this week.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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