Economics
Norway’s Ailing Krone May Gain on Expected Tweaks to FX Reserves
- Central bank is considering shifting FX reserves management
- Norges Bank stresses move won’t be part of monetary policy
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Norway’s battered krone may get a shot in the arm if the nation’s central bank proceeds with an expected change to the way it manages currency reserves.
Analysts and strategists say the currency, which is one of the worst performers this year in the G-10 space of major currencies, may rebound if Norges Bank chooses to start buying it in response to a shift in the government’s liquidity management policy. That may happen early next year after a decision experts anticipate from the central bank around December or January.