- Norges Bank says the economy is still growing at a robust pace, and domestic developments have been broadly in line with that projected
- Inflation is low. growth among trading partners appears weaker than expetced, combined with turbulence in financial markets. this also has an impact on the outlook for the Norwegian economy
- Inflation projected to range between 1.25 and 1.5%
- Governor says considered raising rates., but had already decided prior to the Fed yesterday to keep rates on hold
General consensus was for a 25 bps hike here as they hinted 6 weeks ago, but latest global concerns have put the move on the back burner.
EUR/NOK jumps from 7.7990 to from 7.8460 on the decision
