The Norwegian krone remained weak today after Friday’s decision of Norway’s central bank to reduce its key policy rate. The bank predicted that borrowing costs will remain unchanged for the next two years.
EUR/NOK — News Archive
December 15th, 2014 at 18:42
October 24th, 2014 at 0:52
The Norwegian krone gained today following yesterday’s decision of Norway’s central bank to keep its benchmark interest rate unchanged. Such decision was widely expected by market analysts.
March 14th, 2013 at 16:14
The Norwegian krone weakened today after the central bank left interest rates stable and signaled that no change to the monetary policy is expected until the next year.
February 15th, 2013 at 4:28
The Norwegian krone fell today as the head of the central bank indicated that he may ease monetary policy as a measure to bring inflation, which was slowing due to the currency’s strength, closer to the bank’s target.
January 17th, 2013 at 5:47
The Norwegian krone fell a little against the US dollar today and may retreat even further on speculations that policy makers will try to push the exchange rate down. The currency remained firm against the euro.
October 31st, 2012 at 14:54
The Norwegian krone climbed today as Norway’s central bank indicated that it is not going to buy foreign currency for the government fund. On the negative side, unemployment growth stalled in August.
August 07th, 2012 at 21:04
The Norwegian krone advanced today after the set of good macroeconomic reports from the country added to the attractiveness of the currency. The attractiveness that was boosted further by the positive sentiment on the Forex market.
March 15th, 2012 at 5:54
The Norwegian krone slumped against the US dollar yesterday and remained weak today as the nation’s central bank cut its key interest rate, surprising market participants and making them shun the Norwegian currency. Despite that, the krone was higher against the euro today.
March 10th, 2012 at 3:31
The Norwegian krone slumped after the country’s trade minister said that the strong currency is hurting Norway’s exporters, causing traders to speculate about possible intervention.
March 08th, 2012 at 3:23
The Norwegian krone continued to rally today, following yesterday’s gains, on the speculation that the nation’s central bank will end its interest rate cuts as the Norwegian economy demonstrates positive developments.