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SEB See the Norway Outlook as Better Than Feared

NORGES BANK
  • They write that economic data have on balance, combined with strong home price gains, been slightly better than feared during the summer but downside risks have increased due to a resurgence in infections. Many important data have not yet been published.
  • As such, they expect the Bank to stay neutral at the upcoming intermediate decision by not sending any strong policy hints ahead of the September MPR. The bank is likely to reiterate that the policy rate will remain at the present level in the coming period. They may announce whether to extend its extra-ordinary liquidity operations in connection with the decision.

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