Free Trial

Series High Core CPI Flags Risk of 50bps in August

NORGES BANK

Snap Norges Bank views following this morning's bumper CPI print - most acknowledge greater risk of 50bps hike at August meeting, but caution another inflation print is due ahead of next rate decision:

  • Handelsbanken: At present, figures point to a higher peak for the trajectory of the key policy rate path. Another double rate hike in August cannot be ruled out.
  • JP Morgan: Do not think will justify 50bps hike in August, sticks to forecast for 25bps in August and September, but risk clearly to the upside.
  • Nomura: Supports view for three further 25bps hikes.
  • SEB: Signs of broadly based price pressures mean the likelihood of another 50bps hike at the interim decision in August has increased.

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.