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Currencies – Norwegian Krone Benefits from Anticipation of Higher Rates

Posted on: May 12, 2011

The Norwegian krone gained today on the forecast that the nation’s central bank will raise its interest rates today to slow the fast credit growth. Most analysts think that Norges Bank will raise its key rate to 2.25 percent from 2.0 percent. The decision will be made at 14:00 today. Norway has

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