- Analytics
- News and Tools
- Market News
- Norges Bank hikes rates and hints at another later this year – ING
Norges Bank hikes rates and hints at another later this year – ING
James Smith, developed markets economist at ING, points out that Norges Bank has taken its tightening cycle a step further on Thursday by increasing interest rates a quarter point to 1.25% which is in stark contrast to many of its developed markets peers.
“Given this move was clearly flagged back in May, the bigger focus is the Norwegian central bank’s new interest rate projection – and as expected it’s a tale of two halves. Probably the biggest news is that the central bank thinks it will “most likely” hike again over the course of 2019, having previously seen the next move around the first quarter of 2020. That follows a better-than-expected reading from the latest oil investment survey for 2019 spending. We expect the central bank to hike rates again December, although as ever a lot will depend on how trade tensions evolve over coming months.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
