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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.
EXECUTIVE SUMMARY:
- A 25bps hike could be the last of the cycle, putting peak rates at 4.25%
- Softer food prices should give board more confidence that inflation peak has passed
- While off the August highs, I-44 exchange rate is less problematic for rate path ahead
MNI Norges Bank Preview Sep 23.pdf
The Bank have guided for another 25bps rate hike at the September meeting, and the as-expected fluctuations in inflation, FX and economic growth make for a straight-forward decision on the headline deposit rate, but a more complicated conversation for guiding policy thereafter.
Figure: Peak rate in June was boosted to 4.21%
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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.
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