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.

How did the Norwegian Corona perform against the Euro according to the text?

What guidance did the bank provide regarding future rate rises?