Norway’s Krone Surges as Norges Bank Damps Future Rate-Cut Bets

  • Currency climbs to strongest level since December against euro
  • Central-bank ‘neutral’ stance ‘surprised’ markets: Commerzbank

Norges Bank's Olsen: Rate Path Now Relatively Flat

Norway’s krone surged to its strongest level this year against the euro after the nation’s central bank refrained from cutting interest rates and hinted at moving away from an easing bias.

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