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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.
NORGES BANK
After a delayed release to the rate path projections, the NOK has settled slightly, with EUR/NOK either side of 10.15.
- Rate liftoff has been brought forward (largely in line with exp) to September, with that month now being specifically mentioned in the statement.
- Path implies 1 rate hike by year-end and has fully priced three further rate hikes in 2022.
- Also some sizeable upticks in the path further out, with Q3 and Q4 2022 both being lifted by 32 and 33bps respectively.
- Terminal rate boosted to 1.56% from 1.36% prior.
New rate path here:
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.
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