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The rate hike was relatively well-received in the market

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Market Movers We expect Norges Bank (NB) to leave rates at 0.75% but it has admittedly become a very close call – in our view close to even odds – amid the renewed collapse in the oil price, which could trigger another 25bp ‘insurance cut’ as it did in December 2014 and September 2015. We expect NB to indicate a very dovish stance by lowering the rate path, signalling a close to 100% probability of a rate cut in March. Markets are pricing in a roughly 50% probability of a 25bp December rate

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