Free Trial

Hikes Rates by 25bps to 3.25%, as Expected

NORGES BANK
  • The Norges Bank hikes rates by 25bps to 3.25%, as expected and name-checks the June meeting as the next opportune time to hike rates.
  • Full statement here: https://www.norges-bank.no/en/topics/Monetary-poli...
  • NOK again explicitly mentioned: “If the krone remains weaker than projected or pressures in the economy persist, a higher policy rate than envisaged earlier may be needed”,
  • NOK weakening modestly in response to the decision, EUR/NOK back in minor positive territory: few surprises in the statement, itself, although the Bank possibly more sanguine on the inflation and FX outlook than expected: "economic activity has been broadly in line with expectations. Underlying inflation has been as projected."

To read the full story

Close

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.