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MNI STATE OF PLAY: Norges Bank To Hike, 50 bps On Table

(MNI) London
(MNI) London

Norges Bank set to hike its policy rate as inflation continues to rise, with the debate over 25 or 50bps.

The Norges Bank looks set to hike its benchmark rate Thursday, with at least a 25 bps hike seemingly nailed on and a fairly good chance that a bigger 50 bps hike finds favour amongst policymakers.

The August policy meeting is deemed an interim one, with no new public forecast round and no press conference following the decision announcement. That could tilt the scales towards the 25 bps hike that the bank’s Monetary Policy and Financial Stability Committee projected in its June rate path.

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The Norges Bank looks set to hike its benchmark rate Thursday, with at least a 25 bps hike seemingly nailed on and a fairly good chance that a bigger 50 bps hike finds favour amongst policymakers.

The August policy meeting is deemed an interim one, with no new public forecast round and no press conference following the decision announcement. That could tilt the scales towards the 25 bps hike that the bank’s Monetary Policy and Financial Stability Committee projected in its June rate path.

Keep reading...Show less