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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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Free AccessHigher-Than-Expected Inflation Noted; Governor To Speak Later
No new projections or economic forecasts were included with today's Norges Bank decision, but the statement notes "the rise in prices has been broad-based in recent months and may entail that inflation will remain high for longer than expected earlier. This suggests a faster rise in the policy rate than forecast in June."
- The prior projections saw four further 25bps hikes into end-2022 – which as MNI noted in our preview, looked out of date going into the decision given higher than expected July inflation.
- Reminder that Governor Ida Wolden Bache will give a speech on the outlook for the Norwegian economy and the policy rate decision in Arendal, on 18 August at 1200BST - livestreamed (in Norwegian); text published on the Norges Bank website.
To read the full story
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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.