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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Norges Bank Interest Rate Decison held to 0.0 in August 2020
FMPMonthlyReleased August 2020
Norway Norges Bank Interest Rate Decison held to 0.0 in August 2020. The reading matched the 0.0 consensus. The print is running well below the 12-month average of 1.02. Norges Bank Interest Rate Decison is now the lowest in 58 months.
Latest Release
0
Actual
0
Consensus
0
Previous
Median Absolute Error
±0 percentage points
across last 12 releases
Last Call
Aug 2020
Predicted: 0
Actual: 0
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/NOK | ▼ Inverse | −0.50 | FOREX | Bullish NOK | → View |
| EUR/NOK | ▼ Inverse | −0.45 | FOREX | Bullish NOK | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The August 2020 reading was unchanged from the previous value of 0. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±0. Historically, this indicator is negatively correlated with USD/NOK (Bullish NOK) and negatively correlated with EUR/NOK (Bullish NOK).
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Norges Bank Interest Rate Decison - NO
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