5 Nov 2015
Norges Bank left rates unchanged
FXStreet (Edinburgh) - Broadly in line with market expectations, the Norges Bank has left its benchmark rate intact at 0.75% at its meeting today.
The central bank has justified its decision after assessing the impact of lower oil prices on the oil-linked regions, a somewhat higher albeit expected unemployment and lower household consumption.
Regarding inflation figures, the central bank stated that domestic consumer prices have been in line with the Monetary Policy Report published in September.
NOK, in turn, has been trading in levels lower than expected according to the Norges Bank, adding support to today’s decision.
The central bank has justified its decision after assessing the impact of lower oil prices on the oil-linked regions, a somewhat higher albeit expected unemployment and lower household consumption.
Regarding inflation figures, the central bank stated that domestic consumer prices have been in line with the Monetary Policy Report published in September.
NOK, in turn, has been trading in levels lower than expected according to the Norges Bank, adding support to today’s decision.