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Rates Unchanged, As Expected, December Hike Still Signalled

NORGES BANK
  • Norges Bank keep deposit rate unchanged at 4.25%, as expected.
  • The bank retain the signal that a December hike is still likely, EUR/NOK snaps back to unchanged as the bank reaffirm their messaging that rates will likely be raised again in December.
  • The language is very marginally different: This month's "will likely be raised in December." was worded as "likely be one additional policy rate hike, most probably in December"
  • Full policy statement here: https://www.norges-bank.no/en/news-events/news-pub...

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