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
FOMC

The week ahead starts off on a quiet note with Japan, US, and Canada closed on account of bank holidays. A rather slow week, the focus will be on the UK's manufacturing production and construction output data for the month of September. On Wednesday the FOMC meeting minutes will be released. The meeting minutes are from the September FOMC meetin...

2017-10-19 John Benjamin Read more
Olsen_Norges_2102

Øystein Olsen, Governor of the Central Bank of Norway. Image via Norges Bank. Foto: Jørgen Kvam Further Rate Cuts Unlikely At their September meeting, Norges Bank signalled that further rate cuts were unlikely to materialise and the deposit rate would instead remain close to 0.5% over the coming years. This forecast was largely fuelled by ...

2017-02-21 James Harte Read more
Norges_Norwegian

At their recent meetings, both the Riksbank and the Norges Bank kept rates unchanged though a clear gap has opened in terms of policy bias with the Riksbank sounding increasingly Dovish and Norges Bank sounding more optimistic. Riksbank Signal Further Easing Whilst the Riksbank kept rates unchanged as expected the development of them lower...

2016-11-02 James Harte 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
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