On the USDNOK chart, it looks like a downward movement. Market participants expect a rate hike by the Norwegian central bank amid high inflation of 3% in February of the current year. Since June 2018, it has exceeded the target level of 2.5%. Let us note that Norges Bank, for the first time in the last 7 years, announced a possible rate hike in March 2019 from 0.75% to 1% at its October meeting last year. By the end of 2019, the rate can be once again raised to 1.25%. This is a positive factor for the Norwegian krone exchange rate.


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