LONDON, Sept 22 The Norwegian crown rose more
than 1 percent to hit two-week highs against the dollar and euro
on Thursday, after the country's central bank kept interest
rates on hold and said the probability of a rate cut later down
the line had reduced.
The crown climbed 1.4 percent on the day against the dollar
to trade at 8.1534 crowns per dollar, its strongest since
Aug. 8 and up from 8.2222 before the rate decision. Against the
euro it rose 1.1 percent to 9.1590 crowns.
The Norges Bank kept its key interest rate at 0.5 percent,
in line with economists' forecasts, as the economy displayed
signs of recovery from a two-year slump.
(Reporting by Jemima Kelly, editing by Anirban Nag)