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Norway: 75bps rate cut – Nordea

Norges Bank just announced another extraordinary rate cut, Dane Cekov, an analyst at Nordea informs. EUR/NOK is trading at 11.904 after jumping with the news.

Key quotes

“In line with our expectations, at an extraordinary meeting on 19 March, Norges Bank’s Monetary Policy and Financial Stability Committee unanimously decided to reduce the policy rate by 0.75 percentage point to 0.25 percent.”

Denmark: Nationalbanken raised the deposit rate to -0.6% – Nordea

Danmarks Nationalbank has decided to raise the deposit rate by 0.15 percentage points to -0.6%, Helge J. Pedersen, an economist at Nordea reports. EUR
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Crude Oil Futures: Bounce appears ephemeral

In light of advanced data for crude oil futures markets from CME Group, open interest shrunk for yet another session by almost 9.8K contracts. Volume
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