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New Rate Path Sees Earlier Rate Peak, Before Cuts Possible From

NORGES BANK
  • The Norges rate path has dropped notably from Q1'24 onwards - the first time the path has seen downward revisions for a number of meetings:
  • Peak rate now seen in Q3 next yeah (brought forward by one quarter) at 3.11%
  • First rate cuts now seen possible from Q2'24 onwards with the terminal rate at end-2025 dropping 12bps to 2.56%

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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