MNI Norges Bank Preview:................>

NORGES BANK: MNI Norges Bank Preview:

https://emedia.marketnews.com/marketnewsintl/MNINBPrevJun20.pdf

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Bank to reinforce lower-for-longer message, but negative rates a step too far

- The Norges Bank's lower-for-longer message was hammered home at May's policy

meeting, at which the Bank renewed their rate path projections to see no move on

the rates out to the end of the forecast horizon at Q4 2023. It's likely the

Bank will reiterate and stress this theme at Thursday's meeting, but will stop

short of suggesting any possibility of negative interest rate policy.

- All analysts surveyed see no change to either headline policy rates or the

Bank's rate path projections at June's meeting.

- Most analysts see the Bank acknowledging upside pressure on short-term

inflation forecasts via a revision to projections, but all of those analysts see

the Bank remaining highly tolerant of above-target price rises for now.