Norway’s central bank, the Norges Bank, kept rates steady this morning but said it considered raising rates. Unemployment in Norway will be considerably lower than expected, the bank said. There remains the risk for a low-growth global economy for a long period, so Norway’s situation may not translate. (Remember, it is a major oil producer).
The NOK is surging versus the EUR, now at 8.56 from near 8.60 ahead of the announcement.
