Free Trial

Bache Speech Contains Little On Current Norges Bank Outlook

NORWAY

Bache's speech does not contain pertinent information on the current Norges Bank policy outlook, instead focusing on the theory behind exchange rate differentials:

  • "The krone depreciation has coincided with a lower interest rate differential, but the krone exchange rate movements were likely driven in large part by factors included in the risk premium. Changes in the risk premium are difficult to predict and they may have a long-lasting effect on the exchange rate. This is why it is also difficult to forecast exchange rate movements ahead".
  • The link to the speech, titiled "Monetary Policy and the krone exchange rate", can be found here.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.