Norges Bank governor Olsen speaking after the earlier policy decision

  • 50-50 now between interest rate cuts and rate hikes
  • removing easing bias is motivated by solid growth
  • unemployment on way down to full capacity levels
  • oil price very important variable for Norwegian economy
  • lower price is contributing a bit on the downside
  • see a clear dampening in house price growth
  • don't see a major danger for deflation
  • inflation will gradually pick up

EURNOK continues its fall since Norges Bank left rates at 0.5%

Just as a bit of market research how many of you trade NOK and/or Skandi pairs in general?

EURNOK 15m