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Norges Bank Governor Bache says at the moment she does not foresee a pronounced increase in the Policy Rate

Norges Bank Governor Bache's statement suggests a dovish stance on monetary policy, indicating that an increase in the policy rate is not anticipated in the near term.

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Norges Bank Governor Bache says at the moment she does not foresee a pronounced increase in the Policy Rate

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Context

This could lead to a weaker NOK as market participants reassess future rate expectations, particularly in relation to the EUR. Traders should be mindful of the implications for EUR/NOK and overall market sentiment towards Norges Bank's policy trajectory.

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