Free Trial
JGB TECHS

(M2) Correction Extends

US STOCKS

Late Session Rebound

AUSSIE 10-YEAR TECHS

(M2) Corrective Cycle Remains In Play

AUSSIE 3-YEAR TECHS

(M2) Gains Still Considered Corrective

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
MNI (London)
(MNI) London

Norges Bank left its policy rate on hold at 0.5% Thursday and restated its guidance that the rate "will most likely be raised in March."

The Monetary Policy and Financial Stability Committee's decision, at Governor Oystein Olsen's final meeting, was widely expected with Norges Bank on the tightening path but with the January meeting only an interim one and policy changes taking place in the quarterly forecast round meetings, the next one of which is in March.

In its assessment of developments the committee noted how a mix of surging energy prices, high goods demand and higher freight rates "have contributed to a marked rise in headline consumer price inflation in many countries" and they restated that "the policy rate should be raised towards a more normal level," underscoring further tightening ahead.

MNI London Bureau | +44 203-586-2223 | david.robinson@marketnews.com
MNI London Bureau | +44 203-586-2223 | david.robinson@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.