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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free Access25bps Hike Puts NOK Higher by as much as 2.5%
Norges Bank hikes rates, against expectations, by 25bps to 4.50%, and signals this will likely mark the peak of the rate cycle.
Policy statement here: https://www.norges-bank.no/en/news-events/news-pub...
Statement highlights:
- The forecast indicates that the policy rate will lie around 4.5 percent until autumn 2024 before gradually moving down.
- The policy rate is likely close to the level required to return inflation to target within a reasonable time horizon.
- The Committee is concerned with balancing the risk of tightening too much against the risk of tightening too little.
- Krone depreciation makes it more challenging to bring down inflation
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.