Tag Archives: Norges Bank
Norway: Below consensus, but in line with Norges Bank
Both retail sales and inflation was somewhat on the downside to consensus.
Norges Bank cut its key rates
Norges Bank cut rates to 1.25% and says it is a 50% probality of a cut again in March.
Norges Bank: New rate path- no short term downside risk
No change in rates from Norges Bank. No more chance of a cut short term
Weekly Report
Is current US monetary policy “too easy”? A recent study by Wu & Xia gains traction in discussions on Fed and
Weekly Report
SNB’s loose policy requires stricter regulatory measures The Swiss National Bank kept its 3-month libor target unchanged at 0.00-0.25% and pledged to
Scandi markets ahead: Norges Bank meeting in Focus
The main Swedish event is NIER’s consumer and business confidence surveys. Wedon’t expect any major leaps in the data and some small improvement is even in theoffing (given the main components in PMI).
Scandi markets ahead: Swedish CPI and new NGB auction in 10-year segment
The Riksbank has put a lot of focus on inflation. Swedish core inflation is running at0.0%, which is well below the Riksbank’s forecast and way below the 2.0% inflationtarget.
Core inflation above consensus and Norges Bank
• April core inflation at 2.5% above consensus, but below our forecast • 0.2% points above Norges Bank forecast , but temporary Easter effect pulled up
Norges Bank: No significant change in view
• No change in rates • Norges Bank is not clearly stating that the development has been as expected.
Norges Bank: On hold still main message
• No rate cut • No significant change in view • But if anything a slightly more positive tone
Prewarning Norway: No further lift in core inflation
• Core inflation slightly on the downside to Norges Bank • Weaker NOK if we are right
Scandi markets ahead: PMI week and divergent monetary policy between Norway and Sweden even more evident
Will the Riksbank cut rates in April or not? It cannot be excluded, but we believe thechance of a rate cut in July is higher. What could prove decisive is next week’sMarch PMI figures.