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2025-09-18 16:10:09
Norwegian Central Bank Cuts Key Interest Rate to 4.0%, Pressure on the Norwegian Krone (NOK) (1) The Norwegian Central Bank announced a 25 basis point cut in its key interest rate from 4.25% to 4.0%, in line with its forward guidance from June. Market reaction to this decision was mixed. (2) The central bank indicated further interest rate cuts are possible this year, leaving room for subsequent monetary policy adjustments. (3) The regional economic network survey was generally neutral, but still contained some tightening signals. (4) Before the announcement, the NOK was trading at 11.6250 against the Euro, weakening slightly to 11.6300 following the announcement. (5) The EUR/NOK pair rose from Thursday's early morning low of 11.6090, but encountered selling pressure at higher levels. (6) Technical indicators suggest the September 15 low of 11.54 may represent a potential bottom. ⑺The Fibonacci levels calculated from the decline from 11.9840 to 11.5400 show that the key resistance levels are 11.6448 and 11.7096.
