Norges Bank likely to hike rates today - TDS
Analysts at TD Securities are expecting the Norges Bank to hike rates for the second time this year as they buck the G10 dovish trend.
“The domestic economy continues to remain very strong, and while inflation has disappointed slightly since their last meeting, both core and headline inflation remain above target.”
“Focus Thursday will be on the Norges Bank's forecast for its next hike, which was forecasted with around 50% probability in their previous forecast round. We expect no change to this forecast, and expect them to eventually defer the hike to early-2020 as global uncertainty lingers.”
This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.