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Rate rises sharply as Norges Bank deliver.......>

NOK
NOK: Rate rises sharply as Norges Bank deliver 25bps rate hike against divided
market expectations. EUR/NOK losses appear to have moderated, however, as the
Bank signal that rates are unlikely to rise "in the coming period". This mirrors
a flatter rate path for 2021 and 2022:
2019 path: 1.1% vs. Prev. 1.1%
2020 path: 1.6% vs. Prev. 1.6%
2021 path: 1.6% vs. Prev. 1.7%
2022 path: 1.5% vs. Prev. 1.7%
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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