Business & Finance

Norway's central bank sees moderately stronger crown

Published March 16, 2018 Updated March 16, 2018 02:07pm

The currency has yet to recover from a plunge against the euro that followed from a fall in the price of oil, Norway's main export, between 2014 and 2016.

"When the economy is improving and interest rates are set to rise, the crown will strengthen. Buy we don't predict a big strengthening. We believe it will be moderate," Nicolaisen said.

 

Copyright Reuters, 2018