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Norway PPI YoY
The price evolution of products sold directly to the Norwegian market, both domestically and internationally is tracked by The Producer Price Index is used in Norway. 54% of the entire index is made up of manufacturing prices. Food, beverages, and tobacco (12%), refined petroleum products (8%), machinery and equipment (6%), and basic metals (5%) are the largest segments within Manufacturing pricing. 41% of the economy is devoted to extraction and related services, 4% to electricity, gas, and steam, and 1% to mining and quarrying.
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
