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

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."