Norwegian Krone: Norges Bank hawkish hold supports currency – BBH

Brown Brothers Harriman notes Norges Bank kept its policy rate at 4.25% but delivered a hawkish hold by reinforcing guidance for another hike at an upcoming meeting. The updated rate path now peaks at 4.55% by year-end, slightly above March projections, though the bank says this offers only limited fresh support for the Norwegian Krone.

Higher policy path but limited NOK boost

"The Norges Bank delivered a hawkish hold.The Norges Bank left the policy rate unchanged at 4.25% (widely expected) and firmed up its guidance of another hike “at one of the forthcoming monetary policy meeting.”"

TMGM талдауы: Қаржы нарығы жаңалықтары, экономикалық күнтізбе және нарықтық шолулар

"The Norges Bank’s updated policy rate path is a little higher in line with the pricing from the swaps curve, offering limited fresh support for NOK. The Norges Bank now sees the policy rate peak at 4.55% by year-end vs. 4.35% in March, adding “a somewhat tighter monetary policy stance will likely be needed to return inflation to target within a reasonable time horizon.”"

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

НАҒЫЗ ДӘРЕЖЕЛЕР

Атауы / Тикері
График
% Өзгеріс / Баға
GBPUSD
1 күндік өзгеріс
-0.28%
1.32329
EURUSD
1 күндік өзгеріс
-0.29%
1.10592
USDJPY
1 күндік өзгеріс
+0.14%
159.913
AUDUSD
1 күндік өзгеріс
-0.46%
0.67959