Norges Bank: A hawkish hold should partly shield the NOK – ING

Norges Bank meets on Thursday. Economists at ING analyze how the Interest Rate Decision could impact the Krone.

Norges Bank set to keep rates on hold amid lower energy prices

Lower oil prices and growing anticipation of rate cuts from the global central banks have taken the pressure off Norway's central bank to hike rates one last time in December.

We expect an on-hold decision but expect the bank's new rate projection to push back against expectations of imminent rate cuts in 2024.

A hawkish hold should partly shield the Krone.