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.”"

Аналитика TMGM: новости финансовых рынков, экономический календарь и рыночные инсайты

"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.)

РЫНОЧНЫЕ КОТИРОВКИ

Название / Символ
График
% Изменение / Цена
GBPUSD
Изменение за 1 д.
-0.30%
1.32308
EURUSD
Изменение за 1 д.
-0.35%
1.1053
USDJPY
Изменение за 1 д.
+0.09%
159.839
AUDUSD
Изменение за 1 д.
-0.36%
0.68029