BRIEF: Fiscal Commitments "Critical" - Eurogroup's Donohoe

MNI BRIEF: Fed's Kashkari: 1-2 Years Before Inflation Hits 2%

KASHKARI: WILL TAKE A YEAR OR TWO TO RESTORE 2% INFLATION

MNI China Daily Summary: Thursday, June 20

MNI: PBOC Net Injects CNY18 Bln Via OMO Thu; Rates Unchanged

CHINA PBOC CONDUCTS CNY20 BILLION VIA 7-DAY REVERSE REPOS THU

Homebuilding Set To Keep Softening As Pullback In Permits Continues

Employment Insurance -2.8% In April But +15% From Year Earlier

MNI: US Q1 CURRENT ACCOUNT GAP -$237.6B

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Preview: Final Pause Before September Hike

NORGES BANK
  • With inflation, growth and the progression of the pandemic & vaccination drive well within the Norges Bank's confidence bands, the Bank are likely to double down on the September meeting for rate lift-off. This leaves August's decision as a final pause before an extended tightening cycle.
  • In June, the board specifically name-checked September as the most probable meeting at which to start normalizing rates. The accompanying policy statement made clear that the conditions needed for a return to "economic normalization" are fast approaching, and as such, higher policy rates are needed across the forecast horizon
  • This language is expected to be re-affirmed this month, with the board strengthening communication around the phrase "the policy rate will most likely be raised in September". It's this messaging element that will be a market focus this month, with no new rate path projections or economic forecasts accompanying the August decision.
  • Full preview here: https://roar-assets-auto.rbl.ms/documents/11592/MNINBPrevAug21.pdf
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Homepagemarkets-real-timeNorges Bank Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Homepagemarkets-real-timeNorges Bank Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.