Reuters was first to report the Norwegian crown climbed towards its highest levels in more than four months against its Swedish rival, after strong inflation data raised expectations the central bank could increase interest rates as early as this month. Norwegian core CPI data for February was 2.6 percent annualized basis, above a Reuters forecast of 2.1 percent and well above the central bank’s long-term target of 2.0 percent. Reuters was 9 seconds ahead of the competition with the alerts.
Politics
Rate hike bets send Norway’s crown to 4-1/2 month highs
11 March 2019, 12:00 am 1 minute
Article Tags
Topics of Interest: Politics
Type: Reuters Best
Sectors: FX & Fixed Income
Regions: Europe / Middle East / Africa