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Sell-side reactions to the Regional Network Survey

NORWAY
  • Danske: "Regional Network Survey just released confirms that Norges Bank will have to hike rates next week by 25bp and lift the rate path. Growth outlook improved (interviews done prior to Ukraine war), capacity contraints reaching new highs and wage growth beating projections."
  • Nordea: "The Q1 Regional Network published by Norges Bank shows an economy that has gone from warm to reaching boiling point. As the economy stands right now, it is screaming and shouting for higher rates... This report will without a doubt lead to a significant upward adjustment of the rate path next week."
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