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Median Looks For 25bps, But All Recognise Risk of 50bps Today

NORGES BANK
  • 10 minutes until the Norges Bank rate decision - median looks for a 25bps hike, but all sell-side analysts recognise the risk of a 50bps hike at today's meeting.
  • The rate path projections are expected to steepen, putting rates north of the bank's assessment of neutral (~1.7%) before year-end.
  • Worth watching out for whether the bank name check August as the next most likely hike meeting - this would be a signal that the bank are accelerating their tightening cycle (current pace is 25bps per quarter).
  • Full MNI preview here: https://marketnews.com/mni-norges-bank-preview-jun...

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