Free Trial

MNI Norges Bank Review: Jan 2024 - Balanced Approach Remains

NORGES BANK

The Norges Bank delivered few surprises in its first meeting of 2024, unanimously holding the policy rate at 4.50% and signalling that it would likely be “kept at that level for some time ahead”.

  • In the press conference, Governor Bache noted that the rate outlook has not changed significantly since December.
  • Overall, we think some of the language changes in the statement were hawkish on the margin.
  • Our takeaway is that the Norges Bank do not want to commit to any major guidance changes without an updated set of forecasts to justify the shift in stance.

For our full review, including a summary of 11 sell-side views, please see the following PDF:

MNI Norges Bank Review - 2024-01.pdf

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.