Free Trial

MNI Norges Bank Preview: September 2023: Another 25bp Expected

NORWAY
Norges Bank have guided for another 25bps rate hike at the September meeting.
  • The as-expected fluctuations in inflation, FX and economic growth make for a straight-forward decision on the headline deposit rate, although there will be a more complicated conversation re: policy guidance.
  • Softer food prices should give the board more confidence that the inflation peak has passed.
  • While off the August highs, the I-44 exchange rate is a less problematic issue for the rate path projections.
  • Our full preview including a summary of sell-side views can be found here.
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.