Free Trial

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...

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.