CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

August Seen as Final Pause Ahead of Sept Rate Hike

NORGES BANK
  • Norges Bank decision up today at 0900BST/0400ET.
  • With inflation, growth and the progression of the pandemic & vaccination drive well within the Norges Bank's confidence bands, the Bank are likely to double down on the September meeting for rate lift-off. This leaves August's decision as a final pause before an extended tightening cycle.
  • In June, the board specifically name-checked September as the most probable meeting at which to start normalizing rates. The accompanying policy statement made clear that the conditions needed for a return to "economic normalization" are fast approaching, and as such, higher policy rates are needed across the forecast horizon.
  • This language is expected to be re-affirmed this month, with the board strengthening communication around the phrase "the policy rate will most likely be raised in September". It's this messaging element that will be a market focus this month, with no new rate path projections or economic forecasts accompanying the August decision.
  • Full preview inc. Sell-side analyst views here: https://roar-assets-auto.rbl.ms/documents/11592/MN...

Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.