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*correct* - VIEW: Nordea expects the....>

NORGES BANK
NORGES BANK: *correct*
- VIEW: Nordea expects the "Norges Bank to reduce its key rate by 50bp on the
19th of March and more cuts could be on the cards ahead. The forward guidance
presented by the rate path has much less significance than usual in these highly
uncertain times. New information since December mostly argues for a much lower
rate path. Our best estimate of the new rate path signals that another cut
should be delivered further out. However, and we cannot stress this enough, the
forward guidance presented by the rate path has much less significance than
usual in these highly uncertain times. What Norges Bank chooses to do in the
period ahead depends on the corona outbreak, the oil price and how the financial
markets react. Uncertainty about all three is high! A lot could change already
before the meeting takes place next week."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MarketsFixed Income NewsForeign Exchange News
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MarketsFixed Income NewsForeign Exchange News

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