Norges Bank leaves the sight deposit rate unchanged at 0.50%

The central bank of Norway, Norges Bank, kept its benchmark sight deposit rate unchanged at 0.50%, broadly in line with market expectations.

Meanwhile, the cross in EUR/NOK slumped to fresh daily lows at 8.9720 on the rate decision, before recovering some ground to now trade around 8.9760 levels, still down -0.64% on the day.