Norwegian Norges Bank Interest Rate Decision 4.25% vs. Exp. 4.25% (Prev. 4%, Low. 4%, High. 4.25%)
The Norges Bank has held its interest rate steady at 4.25%, aligning perfectly with market expectations.
Palliser Capital has reportedly begun building a stake in FTSE-100 firm Autotrader Group (AUTO LN) and pushing for it to set out plans to return up to GBP 700mln to shareholders alongside full-year results this month, Sky News reports
Chinese Gold Reserves at 74.64mln troy oz at end-April (prev. 74.38mln in March); extends gold buying streak to 18 months
Norwegian Norges Bank Interest Rate Decision 4.25% vs. Exp. 4.25% (Prev. 4%, Low. 4%, High. 4.25%)
Maersk (MAERSKB DC) CEO says if the Middle East situation becomes more peaceful, will then assess whether Red Sea transit can resume
ECB's Villeroy says they must be data dependent
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This indicates a cautious stance, likely aimed at assessing the economic impact of recent rate hikes. The decision reaffirms the bank's commitment to maintaining stability in light of ongoing inflation and global economic pressures, and it may influence the NOK's performance in the forex market.
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