Advertisement
Norway Inflation Rate YoY
Housing and utilities are the most important categories in Norway's consumer price index (accounting for 23% of overall weight). Followed by transportation (accounting for 16%), food and non-alcoholic beverages (13%), recreation and culture (12%), miscellaneous products and services (9%), and furniture, housewares, and routine household maintenance (7%). For the remaining 21% of overall weight, the following categories are included: restaurants and hotels, apparel and footwear, alcoholic beverages and tobacco, health, communication, and education.
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 |
|
|
11.4018 -4595 pips |
11.8195 +418 pips |
11.8613 | |
| USDNOK |
|
|
10.1212 +527 pips |
10.3284 -2599 pips |
10.06847 | |
| GBPNOK |
|
|
13.6623 -829 pips |
13.8214 -762 pips |
13.74518 | |
| NOKJPY |
|
|
0 -1433 pips |
13.2700 +106 pips |
14.329 | |
| NOKSEK |
|
|
0.9461 -23 pips |
0.9588 -104 pips |
0.9484 |
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 | 15 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 | 99 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 | 162 days ago
