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VIEW: HSBC: The Last Hawk In The Room

NORGES BANK

HSBC write “after the flurry of dovish central bank rhetoric across the world in recent weeks, this was always going to be a close call. In the end, the Norges Bank stuck to its word and delivered what is likely to be a final rate hike.”

  • “The path for inflation in the first half of 2024 will now be important for what comes next, but it seems plausible that we could start to see rate cuts before too long in Norway, even if the central bank only just finished its tightening cycle.”
  • “We have been long-forecasting rate cuts to begin in June 2024, so slightly earlier than the Norges Bank currently expects.”
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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