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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.
NORGES BANK
Summary:
- July CPI tilts balance of risks to another 50bps rate rise this month
- Bank looks to head off the highest inflation rate in 25 years
- No new rate path projections or economic forecasts due
Full Norges Bank Preview here: https://marketnews.com/mni-norges-bank-preview-aug...
July’s inflation release saw a broad-based rise in prices, with food prices a particular hotspot having lurched higher by 7.6% on the month. Nonetheless, the bank’s attention will have been on the CPI-ATE measure, which ticked up to 4.5% on the year, a series high on records going back to 1996.
This exceeded sell-side forecasts as well as the projections made by the bank in their June Monetary Policy Report. They had pencilled in CPI-ATE rising to 4.20% in Q1 next year, before drifting lower across the forecast horizon. It is now clear that these projections will require a hasty upgrade at the September forecasting round.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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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