Norges Bank: 2019 interest rate forecast faster than indicated – Deutsche Bank

Sandeep Kanihama FXStreet Contributor

Deutsche Bank analysts point out that the Norwegian Krone appreciated by +0.87% versus the euro yesterday as the central bank raised interest rates by 25bps to 1%.

Key Quotes

“While the rate hike was expected, the interest rate forecast for 2019 was faster than the Norges Bank had indicated in December. Governor Olsen said that he saw a greater than 50% probability that there would be a rate hike in June.”

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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