USD/NOK: Krona spikes after Norges Bank signals possible rate hike

The USD/NOK dropped to the lowest level since July 2019 after the Norges Bank hinted at a possible interest rate hike in 2022. The pair is trading at 8.5773, which is 30% below the year-to-date high of 12.1212. Norges Bank delivers hawkish interest rate decision The Norges Bank was the second major central bank to release its final interest rate decision after the Swiss National Bank (SNB). The bank decided to leave the main interest rate unchanged at 0.0%, where it has been since April this year. But, the bank said that it will possibly start hiking interest rates earlier