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MNI INTERVIEW: Norges Set To Hike By 25Bps A Meeting- Governor

(MNI) London
MNI (Oslo)

Following its 50-bps rate increase in June, Norges Bank's rate path is compatible with more frequent hikes, at 25 bps a meeting, Governor Ida Wolden Bache tells MNI.

Norway’s central bank is heading towards four more 25-basis-point rate increases this year, though a weaker krone could prompt policy makers to consider a faster pace of tightening, Governor Ida Wolden Bache told MNI after Norges Bank upped the tempo of its hikes to 50 basis points at its June meeting.

“The interest rate projection is consistent with sequential 25-basis-points moves at all meetings remaining this year,” Wolden Bache said in an interview. Norges Bank has four meetings still to come in 2022.

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Norway’s central bank is heading towards four more 25-basis-point rate increases this year, though a weaker krone could prompt policy makers to consider a faster pace of tightening, Governor Ida Wolden Bache told MNI after Norges Bank upped the tempo of its hikes to 50 basis points at its June meeting.

“The interest rate projection is consistent with sequential 25-basis-points moves at all meetings remaining this year,” Wolden Bache said in an interview. Norges Bank has four meetings still to come in 2022.

Keep reading...Show less