Market talk flags possible Norges Bank hike supporting krone
ING's Francesco Pesole says NOK strength could persist if Norges Bank raises rates and indicates further tightening may be possible at its Thursday decision, while Norway rate-pricing is less aggressive than for the Federal Reserve.
50% on Thursday and signals that further tightening is possible, ING's Francesco Pesole says in a note. Market pricing for rate rises in Norway is not as aggressive as for the Federal Reserve.