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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.
Executive Summary:
- Raised rates by 50bps to 3.75%, re-accelerating the tightening cycle
- Bank boosted the peak rate by over 60bps, foresees holding at higher levels for longer
- Currency again a focus, but NOK seen strengthening from here on out
Full MNI Review including summary of sell-side views here:
A quicker pace of tightening, sharply higher policy path projections and stronger assumptions for wages drove a hawkish market response to the Norges Bank rate decision, and the bank went further – stressing that their job on inflation is not yet complete, with additional rate hikes required by the end of the Summer. This makes 2 further 25bps rate hikes highly likely, leaving the bank to communicate the next steps for policy at the September Monetary Policy report – at which the deposit rate will sit at 4.25%.
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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