Norges Bank Preview: Forecasts from five major banks, 25 bps hike, but there could be a hawkish surprise Norway EURNOK InterestRate Macroeconomics Banks
Norges Bank will announce a new rate decision on Thursday, March 23 at 09:00 GMT and as we get closer to the release time, here are the expectationsby the economists and researchers of five major banks regarding the upcoming central bank's Interest Rate Decision.
Norges Bank is expected to hike rates by 25 basis points to 3.0%. At the last policy meeting on January 19, Norges Bank kept rates steady at 2.75%. Updated macro forecasts and expected rate path will come at this week’s meeting. “We expect Norges Bank to deliver a 25 bps hike, but will not be surprised if they match ECB's 50 bps. A weaker currency, a resilient labour market and higher wage growth mean the central bank has more work to do.
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