Wednesday, December 14, 2011

Norwegian Interest Rates - Cut more than expected

Out of the 17 Analysts polled by bloomberg, 5 expected the Norge Bank to hold rates
steady at 2.25%, 2 analysts expected a full 0.5% cut, and the remaining 10 expected
just a 0.25% cut. They cut a full 50 basis points (bps) and the Norwegian Krona
rallied. Here are the 5 second charts of EURNOK and USDNOK:


Also a 1 min chart

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