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Goldman Sachs to Watch Norges Language Closely in Coming Months

NORGES BANK
  • While expecting policy unchanged this month, they write that CPI-ATE inflation has picked up more strongly than anticipated by the Bank. Monthly mainland GDP growth, however, has come in slightly weaker. This could be interpreted as tentative evidence for a larger-than-expected supply hit to the economy.
  • While no Monetary Policy Report will be published alongside Thursday's policy rate decision, Goldman Sachs will be watching Bank's language closely for an assessment of the relative size of demand and supply shocks affecting the Norwegian economy.

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