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IronFX, Heads up for Norges Bank interest rate decision

On September 20th, Norges Bank set for first rate rise since 2011.

This article is originally referred from IronFX News.

On Thursday the 20th of September (08:00, GMT), Norway’s Norges bank is expected to announce its interest rate decision.

The bank is forecasted to hike rates by 25 basis points, from current +0.50% to +0.75%.

Currently Norwegian financial data support the idea of a rate hike, with some worries being on the debt level of Norwegian households.

Should the accompanying statement have a hawkish tone clearing the way for future rate hikes, we could see the NOK strengthening even further.

Original Source: IronFX News

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