(Bloomberg) -- The Norwegian krone gained against the euro to near a two-month high on expectations the central bank will raise its benchmark interest rate tomorrow for the fifth consecutive time.
The Norges Bank is attempting to curb inflation which accelerated to a four-year high of 1.5 percent in March, 0.4 percentage points above the bank's forecast for inflation in March. A total 17 out of 19 economists surveyed by Bloomberg News expected the central bank to increase the benchmark rate by a quarter-point tomorrow.
Read more at Bloomberg Currencies News
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