Norges bank rate hike

The Norwegian central bank held its monetary policy meeting last week. As expected, interest rates were left unchanged at 0.50%. The central bank however, lifted the rate path which was in line with market expectations. "The outlook for the Norwegian economy suggests that it will soon be appropriate to raise the key policy rate," the central ...

2018-03-28 John Benjamin Read more
Final GDP releases

Economic data for the week ahead will slightly take a back seat with only a few central bank meetings lined up. The Swiss National Bank will be holding its quarterly monetary policy meeting this week. The 3-month LIBOR rate is expected to remain unchanged. Later, the Norges bank will be holding its monthly monetary policy meeting. Norges bank...

2018-03-23 John Benjamin Read more
Riksbank_Norges_2710

Image via Riksbank Riksbank Remain On Hold Despite Weak Inflation Sweden’s Riksbank kept rates on hold today at -0.5% in line with market expectations. The meeting had a broadly Dovish Tone with the bank noting that they expect to keep rates lower for six months longer than previously anticipated. The bank also noted that they are “ready to ...

2016-10-27 James Harte Read more
FOMC minutes

The Fed decision and the BoJ meetings were the main events as the markets opened this week. Monday saw the usual lack of action with markets staying range bound on the lack of any fundamentals to fall back upon. The soft fundamentals were however from China, which saw home prices rise 9.20% in August, which was the highest increase this year an...

2016-09-26 John Benjamin Read more
FOMC

Market Summary RBNZ keeps OCR unchanged at 2.0%, signals further easing likely Norges Bank keeps interest rate unchanged at 0.50%, signals rate stability NOK rallies on Norges Bank decision US weekly unemployment claims now below 300k for 81 straight weeks Today’s Economic events RBNZ keeps OCR unchanged at 2.0% RBA ...

2016-09-22 John Benjamin Read more
Federal Reserve_Orbex_Fed

Notes From The Statement At their September rates meeting the Federal Reserve opted to keep rates unchanged, in line with broad market expectations though 3 members voted for a hike, this time, around. The Fed decided to “wait for the time-being” for more progress towards goals. The Fed now sees one interest rate rise in 2016, two in 201...

2016-09-22 James Harte Read more
NOK_Norges

June View Out Of Sync In the June MPR, Norges Bank indicated a 100% likelihood of a September rate cut based on their economic forecasts at the time. However, domestic developments since then have deviated from the central bank’s projections and are likely to have a significant effect on their risk assessment at today’s meeting. Growth  &...

2016-09-20 James Harte Read more