MNI BRIEF: Fed's Williams Says There's No Urgency To Cut Rates

WILLIAMS: NOT BASE CASE TO RAISE RATES FURTHER

MNI: FED'S WILLIAMS: DON'T FEEL URGENCY TO CUT INTEREST RATES

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

MNI: US NAR: MAR EXISTING HOME SALES 4.19M SAAR

MNI: US APR PHILADELPHIA FED MFG INDEX 15.5

MNI: US JOBLESS CLAIMS +0K TO 212K IN APR 13 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LFS Unemployment Rate Steady Ahead Of Norges Bank This Morning

NORWAY
DataHomepageData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

The Norway LFS trend unemployment rate remained stable at 3.7% in December 2023. The employment and participation rates were also unchanged at 70.2% and 72.9% respectively.

  • Instead of the LFS rate above, the Norges Bank forecast and track the unemployment claims rate in their Monetary Policy Reports. The January data for unemployment claims is released on Feb 2, with the current rate of 1.9% below the Norges Bank's Q1 '24 forecast of 1.98% in its December Monetary Policy Report.
  • A reminder that the Norges Bank decision is at 0900GMT/1000CET today, with rates expected to be held steady. The press conference (in Norwegian) begins at 0930GMT/1030CET.
  • We think only a sizeable shift in stance will be enough to prompt a material reaction from NOK, as this meeting is viewed by many as a formality, before more interesting questions on the rate path arise in March.
  • A more hawkish-than-expected policy statement could see NOKSEK breach the psychological 1.0000 level that has capped price action through January.
  • Our full preview can be found here.
167 words

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.

The Norway LFS trend unemployment rate remained stable at 3.7% in December 2023. The employment and participation rates were also unchanged at 70.2% and 72.9% respectively.

  • Instead of the LFS rate above, the Norges Bank forecast and track the unemployment claims rate in their Monetary Policy Reports. The January data for unemployment claims is released on Feb 2, with the current rate of 1.9% below the Norges Bank's Q1 '24 forecast of 1.98% in its December Monetary Policy Report.
  • A reminder that the Norges Bank decision is at 0900GMT/1000CET today, with rates expected to be held steady. The press conference (in Norwegian) begins at 0930GMT/1030CET.
  • We think only a sizeable shift in stance will be enough to prompt a material reaction from NOK, as this meeting is viewed by many as a formality, before more interesting questions on the rate path arise in March.
  • A more hawkish-than-expected policy statement could see NOKSEK breach the psychological 1.0000 level that has capped price action through January.
  • Our full preview can be found here.