Monex Europe's Barry van der Laan said in a report that due to the Bank of Norway's cautious tendencies towards policy easing, the bank's policy decision on Thursday constituted moderate support for the Norwegian krone. The central bank kept interest rates at 4.0% and said it was in no hurry to cut interest rates. Van der Laan said this has further raised the threshold for recent interest rate cuts. “Compared to the Eurozone, the latter's inflation recedes faster, and easing policies are likely to come earlier and faster, so this supports the view that the Norwegian krone will slightly outperform against the euro over time, even if global risk aversion continues to drive short-term fluctuations. “The euro fell 0.1% to SEK 11.9684.

Monex Europe's Barry van der Laan said in a report that due to the Bank of Norway's cautious tendencies towards policy easing, the bank's policy decision on Thursday constituted moderate support for the Norwegian krone. The central bank kept interest rates at 4.0% and said it was in no hurry to cut interest rates. Van der Laan said this has further raised the threshold for recent interest rate cuts. “Compared to the Eurozone, the latter's inflation recedes faster, and easing policies are likely to come earlier and faster, so this supports the view that the Norwegian krone will slightly outperform against the euro over time, even if global risk aversion continues to drive short-term fluctuations. “The euro fell 0.1% to SEK 11.9684.