(Bloomberg) -- The Norwegian krone advanced the most
in more than two months after a government report showed economic
growth expanded more than forecast, adding to pressure on the
central bank to increase interest rates.
The krone rose for a fifth day, its longest winning run in
10 weeks, after a report by Statistics Norway showed the mainland
economy, excluding oil and shipping, expanded 1.4 percent in the
first quarter. It is the 13th consecutive quarter of growth, and
above the 1 percent mean estimate of 16 economists surveyed by
Bloomberg.
Read more at Bloomberg Currencies News
in more than two months after a government report showed economic
growth expanded more than forecast, adding to pressure on the
central bank to increase interest rates.
The krone rose for a fifth day, its longest winning run in
10 weeks, after a report by Statistics Norway showed the mainland
economy, excluding oil and shipping, expanded 1.4 percent in the
first quarter. It is the 13th consecutive quarter of growth, and
above the 1 percent mean estimate of 16 economists surveyed by
Bloomberg.
Read more at Bloomberg Currencies News
No comments:
Post a Comment