Norges Bank Hikes 25 Basis Points to 4.50%, Lifting Norwegian Krone
Norges Bank raised its policy rate by 25 basis points to 4.50%, a hawkish move that lifted the Norwegian Krone, according to Brown Brothers Harriman's Elias Haddad. The krone outperformed following the decision, which BBH characterized as hawkish. Haddad, of Brown Brothers Harriman, highlighted the currency's strength after the rate increase. The hike brought the benchmark rate to 4.50%.
Norges Bank softens hawkish tone, keeps rate at 4.25%
Norway's central bank kept its policy rate unchanged at 4.25% and softened its hawkish tone, according to Societe Generale. The bank still anticipates one further rate increase, but removed explicit guidance for a near-term hike. This dovish turn risks reducing the appeal of the Norwegian krone.
Norway