NOK might appreciate further over the coming weeks if Norges Bank meets markets expectations – Commerzbank EURNOK Norway Inflation InterestRate Banks
The April inflation data has already surprised on the upside, now the May data provided another surprise. Both overall inflation, as well as core inflation, reached 6.7% YoY.
The market clearly expects further rate hikes in Norway. However, Norges Bank will actually have to deliver. If it meets market expectations with hawkish comments and a hawkish rate decision in June NOK might appreciate further over the coming weeks.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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