Norwegian Krone: August Hike Prospects Rise – Nomura
Nomura economists note that Norges Bank kept its policy rate at 4.25% in June but delivered hawkish guidance and a higher rate path, increasing the prospects of an August hike.
NOK
Nomura economists Josie Anderson, George Buckley, Andrzej Szczepaniak and David Seif highlight that Norges Bank left its policy rate unchanged at 4.25% in June. However, the central bank issued hawkish forward guidance and raised its projected rate path, signaling a potential hike in August.
The analysts see this as a clear shift in tone, boosting expectations for a near-term policy tightening. The Norwegian Krone has firmed on the back of these prospects, with markets now pricing in a higher probability of an August move.
Source: FXStreet Forex News