NOK: Norges Bank staying put – ING

Analysts at ING are looking for the NB to remain on hold this week, in line with market expectations.

Key Quotes

“As no economic and interest rate projections are published during the January NB meeting, there is a little scope of the NB statement (without new interest rate projections) to effect NOK.”

“Oil price seems to be stabilising and not persistently breaking above 70 $/bbl, meaning the NOK upside seems limited this week.”