Potential Norway Rate Rise Could Support Krone -- Market Talk

1249 GMT - The Norwegian krone's recent strength could persist if the Norges Bank raises interest rates by 25 basis points to 4.50% on Thursday and indicates further tightening is possible, ING's Francesco Pesole says in a note. Market pricing for rate rises in Norway isn't as aggressive as for the Federal Reserve and European Central Bank, meaning the Norges Bank faces little pressure to lift its rate projections materially, he says. "We nonetheless expect updated forecasts to show some probability of a further fourth-quarter rate hike, while the statement should continue to leave the door open to additional tightening." The euro falls 0.2% to 10.7929 kroner and ING has a near-term target of 10.70 kroner with potential to reach 10.60 kroner.(renae.dyer@wsj.com)

(END) Dow Jones Newswires

September 22, 2026 08:51 ET (12:51 GMT)