Negative surprise from Norges Bank – further weakening of NOK to be expected?

Review: Norges Bank lowers its interest rate path considerably. Norges Bank lowers NOK Yesterday’s interest-rate announcement came as a surprise for many. Not because Norges Bank adjusted the interest rate, but because the central bank postponed the time of an interest-rate hike from the summer of 2013 to the spring of 2014 (maybe, in actual fact, to the second or third quarter of 2014). Inflation expectations were lowered quite a lot – in line with growth expectations. Our assessment and

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Negative surprise from Norges Bank – further weakening of NOK to be expected?

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