Nordea suggests that if Norges Bank does not raise interest rates in December, the Krone could be at risk.

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EURNOK Chart by TradingView

Norges Bank decided to up the ante again and not only increased the key rate by 25 bps to 4.25% but also signalled one more rate hike before the end of this year. However, the NOK is fairly unchanged after the message. Economists at Nordea analyze Krone’s outlook.

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