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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.
NORGES BANK
- Norges Bank raises rates by 25bps to 3.00%, as expected. The policy statement also adds that the policy rate will be raised further in May
- The uptick to the rate path projections slightly ahead of expectations and leaning somewhat hawkish (peak rate in 3.60% by year-end).
- Also worth noting that May was namechecked as next likely hike - this is not an MPR meeting (next is June) so doesn't meet the assumption the bank would proceed with 25bps steps each quarter.
- EUR/NOK initially slipped lower on the release, dropping to 11.2551, before losses were pared and rate is now close to pre-decision levels.
- Governor Wolden Bache press conference due at 0930GMT/1030CET.
New rate path projections:
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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.
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