OctaFX | OctaFX Forex Broker
      Konto eröffnen

      Norges Bank could cut rates today – Danske Bank

      FXStreet (Edinburgh) - Senior Analyst at Danske Bank Christin Tuxen has reiterated the Nordic central bank could lower its benchmark rate at today’s meeting.

      Key Quotes

      “The current rate path from Norges Bank has a 68% implied probability of another 25bp rate cut and a 61% probability of a 25bp rate cut already at the 24 September meeting”.

      “We expect a 25bp rate cut at the 24 September meeting based on (1) the deteriorating domestic growth outlook, (2) a higher tail risk of the Norwegian economy falling over a cliff as a result of the recollapse in the oil price and, finally, (3) lower global rates on global growth concerns”.

      “In addition to the rate cut, we expect an easing bias with the revised rate path, suggesting a 25% probability of a new rate cut”.

      USD/CHF: Offered at critical resistance

      The USD/CHF pair was offered at a critical resistance around 0.98 levels in Asia today after having rallied for four trading sessions.
      Mehr darüber lesen Previous

      German IFO expectations expected to decline – Danske Bank

      Research Team at Danske Bank, expect the German Ifo expectations to decline in line with the German PMI and ZEW figure.
      Mehr darüber lesen Next
      Start livechat