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Goldman Sachs: Faster Pace

NORGES BANK
  • We expect Norges Bank to increase the policy rate by 25bp to 1.00%. While both headline and core inflation have surprised Norges Bank’s expectations to the upside, we think the Committee will stick to its path projection for a 25bp, rather than 50bp hike.
  • Having said that, we see risks skewed towards a larger hike, in particular if the Committee judges wage growth to pick up more strongly.

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