EURNOK- Norway Increases Interest Rates

OANDA:EURNOK   Euro / Norwegian Krone
Norway's central bank raised its benchmark interest rate on Thursday as widely expected, and said more hikes were likely next year although that would depend on the impact of a surge in coronavirus infections and the emergence of the Omicron variant.

Norges Bank's monetary policy committee raised the sight deposit rate to 0.50% from 0.25%, its second hike in three months, as predicted by 20 out of 22 economists polled by Reuters and in line with the central bank's own plan.

In other words: Fundamentals are strong here and our chart agrees.

Our Love to all our Norwegian friends,


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