– The reported production growth continues to fall. Vekstutstikene becomes weaker, says the director of monetary policy Birger Vikøren Norges Bank according to TDN Finans and refers to signals from the regional network.
Vikøren mean the weakening of the crown Lately context of new information that might indicate a somewhat weaker Growth in the Norwegian economy.
– We believe that some of the weakening of the crown can be reversed, but the crown is expected to remain weaker in the near term compared with the previous report, he said.
Also read: Interest verdict is clear
In the wake of the interest rate decision earlier today krone depreciated markedly against several key currencies. After opening at 7.66 against the US dollar and remained stable around these levels until the current monetary policy meeting, acting USDNOK now at 7.72. The euro strengthened from 8.68 to 8.80, while the pound went from 12.12 to 12.30.
No comments:
Post a Comment