Norwegian Krone Boosted by Prospect of Higher Interest Rates

The Norwegian krone rose today on the speculation that the policy makers will speak about increasing of the interest rates at today’s meeting.

Analysts say that the Norges Bank will favor tightening in the future, but this month the bank will leave its overnight deposit rate at 2 percent. Norway’s currency has risen 1.6 percent this year.

USD/NOK fell from 5.6634 to 5.6544 today as of 12:53 GMT.

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