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ING: Sees 50bps Hike and, if not, a Hint That Rate Hikes Will Follow at Every Meeting

NORGES BANK
  • Norway’s central bank has already told us it is going to hike, and it has also hinted that it could step up the pace from its recent string of 25bp moves.
  • With oil prices high and global market interest rates rising, we think Norges Bank will follow through with a 50bp hike– or failing that, hint strongly that it could begin hiking at every meeting, as opposed to every alternate one.
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