Doubt Norges Bank – Dagens Næringsliv

Financial markets dare not rely on Norges Bank’s clear signals that there will be an interest rate cut in June.

Harald Berglihn

Published: 05/07/2015 – 7:27 p.m.

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The krone’s development against foreign currencies, particularly dollar and euro, followed vigilantly among Norwegian import and export companies.

Thursday morning krone appreciated markedly when the central bank decided to keep the key rate unchanged at 1.25 percent. A US dollar was suddenly ten cents cheaper.

– Ten cents per dollar means fort two million dollars annually for us, says Allison Ertzeid in online auction company Netthandelen Norway Kristiansand.

The company buys virtually all the auctioned off from China – and pay in dollars.