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Norges Bank rate decision due in 20.....>

NORGES BANK
NORGES BANK: Norges Bank rate decision due in 20 minutes. MNI's State of Play
wrote: "The Norges Bank is set to reprise its "after the summer" line on a rate
hike.
- At an April 6 conference in London, Norges Bank Governor Oystein Olsen said
that he was not going to give any fresh hints on the policy outlook and with the
central bank not updating its full set of projections this month, the May 3
statement is likely to be a holding one.
- There are good reasons to suppose that Norway's economic risks lie to the
downside -- with activity data from the European Union cooling and Norwegian
inflation surprising to the downside in the most recent print.
- However, Olsen and his colleagues believe that Norway's output gap is closing
and that "rising capacity utilisation will probably push up price and wage
inflation further out," according to the March statement.

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