Norway Krone Soars as Central Bank Reveals Reluctance to Ease
- Norges Bank governor says need to be careful going forward
- Norges Bank sees rate remaining below 0.75% until 2018
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Norway’s krone surged after the central bank signaled a reluctance to ease further as it monitors the effects of record low interest rates.
The krone rose as much as 1.4 percent against the euro after Norges Bank kept its benchmark rate at 0.75 percent. The decision was forecast by 13 of 20 economists surveyed by Bloomberg, while the rest had expected a cut to 0.50 percent.