Norges Bank Raises Key Rate 50 Basis Points to 3.75%

The video discusses a significant 50 basis point rate hike by a bank, surpassing expectations and indicating further increases in August. The peak rate projection has been raised from 3.6% to 4.2%. The FX markets reacted with the Norwegian Krone strengthening against the Euro. Switzerland opted for a smaller 25 basis point hike but did not rule out future increases.

What was the revised peak rate expectation announced by the bank?

• 4.0%

• 3.6%

• 5.0%

• 4.2%

How did the Norwegian Krone react to the bank's rate hike?

• It fluctuated significantly

• It weakened against the Euro

• It strengthened against the Euro

• It remained stable

Which currency strengthened by over 1% against the Euro following the bank's decision?

• US Dollar

• British Pound

• Swiss Franc

• Norwegian Krone

What was the size of the rate hike decided by Switzerland?

• 50 basis points

• 75 basis points

• 25 basis points

• 100 basis points

What did Switzerland indicate about future rate hikes?

• They plan to decrease rates

• They will definitely increase rates in September

• They might consider additional hikes in September

• They ruled out any future hikes