USDNOK: Norges Bank kept interest rates unchanged as was widely expected at 1.5%. As this was an interim meeting we have no new interest rate path, or press conference.
The current assessment confirms the outlook of the economic developments in the December report. Uncertainties surrounding global developments persist. Inflation is close to target. The capacity utilisation in then economy is above the average level. With interest rates close to the current level, there are prospects that inflation will remain close to the inflation target. Balance of risks suggests that the policy rate will most likely remain at the current level in the coming months.
Earlier released the Norway Labour Force Survey which came in at 4% topping expectations of 3.8% in November.