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Lower oil price and interest rates put pressure on NOK

Published by Kirke Sööt in category News on 15.10.2015
Gold price (XAU-NOK)
24548,10 NOK/oz
  
- 268,50 NOK
Silver price (XAG-NOK)
313,78 NOK/oz
  
+ 0,13 NOK

Since mid year 2014 oil price measured in USD has fallen from 114USD to 50USD today.  This has led to a depreciation of the Norwegian krone and increased uncertainty about the economy.  At the same time interest rates are at its record low. Many economists predict that interest rates will stay very low here in Norway for the next two years.

For more information click on the link e24.no

 

Gold price (XAU-NOK)
24548,10 NOK/oz
  
- 268,50 NOK
Silver price (XAG-NOK)
313,78 NOK/oz
  
+ 0,13 NOK

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