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Bank Namecheck June Decision For Next Hike

NORGES BANK

Norges Bank keep rates unchanged, as expected, at 0.75%. The bank also namecheck the June decision as the next likely hike, infitting with market expectations.

Full statement here: https://www.norges-bank.no/en/topics/Monetary-poli...


Highlights:

  • Based on the Committee’s current assessment of the outlook and balance of risks, the policy rate will most likely be raised in June
  • Substantial uncertainty as to the potential economic impact of the war in Ukraine
  • The Committee was also concerned with the risk of accelerating price and wage inflation in Norway
  • If there are prospects of persistently high inflation, the policy rate may be raised more quickly than indicated by the policy rate forecast in the March Report
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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