MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Rise In LFS Unemployment Will Have Little Bearing On Norges Bank

NORWAY
DataHomepageData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

The Norwegian LFS trend unemployment rate rose 0.1pp in February to 3.8%, after January's figure was revised 0.2pp lower to 3.7%.

  • However, this is not the unemployment rate that the Norges Bank forecast (the unemployment claims rate from NAV). That data is released tomorrow.
  • This data thus has little bearing on the outcome of today's Norges Bank meeting (0900GMT/1000CET).
  • Rates are unanimously expected to be left on hold at 4.50%.
  • Main interest will lie in the updated policy rate path projection within the March Monetary Policy Report.
  • For our full preview, see here.

100 words

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.

The Norwegian LFS trend unemployment rate rose 0.1pp in February to 3.8%, after January's figure was revised 0.2pp lower to 3.7%.

  • However, this is not the unemployment rate that the Norges Bank forecast (the unemployment claims rate from NAV). That data is released tomorrow.
  • This data thus has little bearing on the outcome of today's Norges Bank meeting (0900GMT/1000CET).
  • Rates are unanimously expected to be left on hold at 4.50%.
  • Main interest will lie in the updated policy rate path projection within the March Monetary Policy Report.
  • For our full preview, see here.