Norwegian Krona At More Than 4-week Low Vs Euro After Norway Rate Cut
2015年9月24日 - 2:13PM
RTTF2
The Norwegian Krona lost ground against the euro in European
deals on Thursday, after Norway's central bank lowered its key
policy rate unexpectedly by a quarter point and indicated further
reduction in the coming year.
The Executive Board of Norges Bank decided to cut its key rate
to 0.75 percent from 1.00 percent.
Governor Øystein Olsen said the current outlook for the economy
suggests that the key policy rate may be reduced further in the
coming year.
"Growth prospects for the Norwegian economy have weakened, and
inflation is projected to abate further out," he said.
The Norwegian Krona depreciated to more than a 4-week low of
9.5054 against the euro, compared to Wednesday's closing value of
9.2629. The Krona is likely to find support around the 9.6
mark.
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