May 04, 2022 - 03:39 PM 271 views
On Thursday, Norges Bank will disclose its interest rate decision.
According to Commerzbank economists, the central bank will keep its 0.75 percent
interest rate while reiterating its intention to raise interest rates in June;
the Norges Bank meeting will have a modest influence on the krone.
NOK is under negative pressure due to risk
I expect Norges Bank to leave
everything on hold at its meeting tomorrow, signalling that the next move will
be made in June. It can also wait and observe how things progress this way.
Because the Norges Bank's price rise
cycle has already been factored in, the potential for the NOK to appreciate for
monetary policy reasons appears to be exhausted for the time being.
"Risk aversion is the dominant force right
now, and it's putting huge negative pressure on both NOK and SEK."