NOK: Norges Bank to keep its policy rate on hold - TDS

Research Team at TDS, expects the Norges Bank to keep its policy rate on hold at 0.50%, in line with consensus, and think that we’ve seen the end of the easing cycle in Norway.

Key Quotes

“We expect the Norges Bank to maintain a clear easing bias though, and keep its year-end policy rate forecast at around 0.35%, as there are still soft spots in the data (like yesterday’s unemployment figures), and because it will be concerned about the impact on the currency of being the only central bank in Europe without an easing bias.”