Commerzbank analysts predict that the Norwegian Krone (NOK) will likely strengthen, backed by the central bank’s firm position.
Norges Bank maintains a hawkish approach, allowing further interest rate hikes if needed. With upcoming data releases, including inflation figures for January and February, the bank could adjust its projections and signal the end of the rate hike cycle. This stance on price stability is a positive factor for the NOK.
While other factors like oil prices and market risk may influence NOK’s performance, a consistent monetary policy should offer reliable support. Commerzbank maintains a bullish outlook on NOK, suggesting the market may undervalue it against the Euro.
