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MNI STATE OF PLAY: The Norges Bank...........>

NORWAY
NORWAY: MNI STATE OF PLAY: The Norges Bank Executive Board has signalled it will
hike its key policy rate in September and as there has been no sudden shift in
the data flow it is extremely unlikely to be tempted to stray from its chosen
path at its August meeting. 
- The next rate decision announcement, on August 16, will likely declare the key
policy rate unchanged at 0.50%, with a 25bps hike likely in September.
- "What Norges Bank did in June was to eliminate any probability in its rate
path for a rate hike in August and to put 100% probability for a move in
September," Erica Blomgren, Chief Strategist Norway at SEB, told MNI.
- For more see MNI Main Wire at 09:10 08/09 BST, or contact us.

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