NORGES BANK RATE DECISION: WHAT TO EXPECT?
Norwegian Krone may grow on Norges Bank (NB) rate conclusion after FOMC
NB is still one of the very last hawks from the realm of central banks -- would it survive?
Crude oil prices restart dominant downtrend as supply fears Start to cool
Learn to use political-risk evaluation on your trading plan!
USD/NOK may collapse when the Norges Bank increases interest rates for a third time this season and/or hints that it intends to pursue its tightening cycle.
It's been dubbed the"past hawk" from the sphere of central banks since its peers cut rates in the face of slower global growth.
Politically-induced supply disruption fears in the Middle East have helped buoy the oil-linked Krone, although their effectiveness may wear off at the surface of growing demand.
Advisors are estimating for its Norges Bank to maintain the benchmark rate of interest at 1.25 percent.
But, it's possible financial authorities might take advantage of their high crude oil costs and temporary thawing in trade worries to squeeze into a third increase this year.
Looking at suggested coverage rates involving the August rate conclusion and as compared to July to August reveals there has been a hawkish change in market expectations.