Norway: We expect Norges Bank to cut rates by two times 25bp next summer. There will however not be any such signals at the upcoming MPC meeting in December. Still, we believe the recent weakening of the NOK is overdone and expect EURNOK to strengthen to around 8.10 in 3-month’s time, before weakening towards 8.35 when markets start discounting rate cuts. Norway Viewpoint: Norges Bank to cut rates
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Nordea