Tag Archives: Norges Bank
UBS Morning Adviser
Glass is edging towards half full for Norges, but nothing more The krone’s robust performance on Thursday suggests the market believe Norges’ narrative is
FX Daily
In Europe the main focus will be on the release of money supply and credit data inthe euro area for February. In general the data have been weak, albeit there was aslight improvement in January.
A mixed bag heading into Norges
Norges Bank is widely expected to leave not only rates unchanged at 1.50% at the meeting tomorrow, but also its rate path. Indeed, with CPI, unemployment and GDP growth,
Little news from the Riksbank and Norges Bank
Norges Bank governor Olsen’s annual address last night did not contain any near-term policy signals. However, it included the following statement: ‘Given the prevailing long-term interest rates abroad,
High inflation – probably temporary
• Janury core inflation was 0.3% points above Norges Bank • Enough to have a significant impact on key rates, if it last…
FX Viewpoint: inflation focus
Whatever it takes. And it does take very little from ECB to keep the EUR strengthening: just a do nothing with Draghi’s philosophical “if the time ever comes” for the new measures.
Norway viewpoint: Norges Bank on hold
Norges Bank postpones first hike until summer 2015 We believe next move will be a cut summer 2014 Survey of petroleum investments indicates moderate growth in 2014
Norges Bank right now
No change in rate path Downside surprises: lower inflation, signs of weakness in domestic demand, lower rates abroad.
Norway viewpoint: No rate change, probably no change in view
Norges Bank kept its key rates unchanged at 1.50% as expected. There was no new interest rate forecast this time. Norges Bank said it had not considered other alternatives.
Scandi central banks in focus this week
With the US government open for business once again, financial markets will receive crucial US data this week starting with non-farm payrolls later today.
Norges Bank: Lower inflation against weaker NOK
• Norges Bank will not change rates • NOK has weakened significantly, but on the other hand inflation and some other domestic figures have been on the weak side
Norway: Everybody expects somewhat lower inflation
Everybody forecast lower inflation Core inflation rose from 1.4% in June to 2.5% in August surprising everybody including Norges Bank.