On September 20th, Norges Bank set for first rate rise since 2011.
This article is originally referred from IronFX News.
On Thursday the 20th of September (08:00, GMT), Norway’s Norges bank is expected to announce its interest rate decision.
The bank is forecasted to hike rates by 25 basis points, from current +0.50% to +0.75%.
Currently Norwegian financial data support the idea of a rate hike, with some worries being on the debt level of Norwegian households.
Should the accompanying statement have a hawkish tone clearing the way for future rate hikes, we could see the NOK strengthening even further.
Original Source: IronFX News