- Analytics
- News and Tools
- Market News
- NOK to strengthen until Norges Bank realizes the error of current 2022 budget – Nordea
NOK to strengthen until Norges Bank realizes the error of current 2022 budget – Nordea
Norges Bank is buying 250mill NOK/day to balance the budget, whereas actual petroleum tax payments should have led to 750 mill/day of sales. Until the central bank changes gears, we will see higher Nibor and a stronger NOK, as reported by economists at Nordea.
The August Budget vs. reality
“Norges Bank announced in late December that they will buy 250 million NOK/day in January. This decision seems to us to be based on the very outdated 2022 budget from August 2021. Gas prices have come a long way since then.”
“Using updated data, the right decision would have been for the central bank to instead sell NOK at around 750 million/day.”
“Until Norges Bank turns around, we will see tighter structural liquidity, higher Nibor, and a stronger NOK.”
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
