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### POV: Norges Bank While markets......>

NORGES BANK
NORGES BANK: ### POV: Norges Bank
While markets are fully expecting the Norges Bank to deliver the well signposted
25bps interest rate hike tomorrow, there is little consensus regarding the path
of further hikes.
- The Norges Bank projections are currently for three hikes through to end 2019,
including tomorrow's anticipated hike.
- MNI Policy Team Analysis estimates that the Norges Bank projections imply a
20% chance of a further December hike.
- MNI calculations point to the Norges Bank projections for Q4 2018 having to be
raised to 0.774 from 0.76 currently to imply a 50% chance of a further December
hike, assuming no October hike.
- Market economists are currently not forecasting a further hike in Q4 (Dec).

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