On Thursday the 20th of September (08:00, GMT), Norway’s Norges bank is expected to announce its interest rate decision.

The bank is forecasted to hike rates by 25 basis points, from current +0.50% to +0.75%.

Currently Norwegian financial data support the idea of a rate hike, with some worries being on the debt level of Norwegian households.

Should the accompanying statement have a hawkish tone clearing the way for future rate hikes, we could see the NOK strengthening even further.