Norway Consumer Confidence
Consumer confidence in Norway is assessed by the Finance Norway and TNS Gallup consumer confidence poll, which evaluates the level of optimism that consumers have regarding the economy's performance. Overall, consumer confidence rises when the unemployment rate is low and the economy is evolving at a rapid pace. Indicators of average consumer confidence can be valuable in predicting how much money customers are going to spend in a given period of time.
A higher than expected figure should be seen as positive (bullish) for the NOK while a lower than expected figure should be seen as negative (bearish) for the NOK.
Forex Sentiment (NOK)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURNOK |
|
|
10.6220 -11223 pips |
11.7581 -138 pips |
11.7443 | |
| USDNOK |
|
|
10.1687 +1136 pips |
10.2960 -2409 pips |
10.05510 | |
| GBPNOK |
|
|
13.5556 -181 pips |
13.6154 -417 pips |
13.57372 | |
| NOKJPY |
|
|
14.5938 -1 pips |
13.9505 +65 pips |
14.603 | |
| NOKSEK |
|
|
0.9425 +36 pips |
0.9531 -142 pips |
0.9389 |
News (NOK)
Norway Central Bank Unexpectedly Trims Rate By 25 Bps
Norges Bank cut its interest rate unexpectedly for the first time in five years as inflation eased somewhat faster than expected and signalled further reduction in policy rate if the economy evolves as estimated. The Monetary Policy and Financial Stability Committee of Norges Bank unanimously decided to cut the policy rate to 4.25 percent from 4.50 percent.
RTTNews | 71 days ago
Norges Bank Unexpectedly Leaves Rate Unchanged Again
Norway's central bank left its key interest rate unchanged on Thursday despite signaling an easing in the previous policy session in January, citing a stronger than expected acceleration in inflation and the uncertain economic outlook but continued to hint at the possibility of a reduction during the course of the year.
RTTNews | 155 days ago
Norway Central Bank Holds Rate; Set To Loosen Policy In March
Norway's central bank left its key interest rate unchanged as widely expected on Thursday and reaffirmed that the rate will likely be reduced in March as rapid rise in business costs could stoke inflation ahead. The Monetary Policy and Financial Stability Committee of Norges Bank decided to hold the policy rate unchanged at 4.5 percent.
RTTNews | 218 days ago
