- Analytics
- News and Tools
- Market News
- Norges Bank Review: As expected, unchanged rates and little news – Danske Bank
Norges Bank Review: As expected, unchanged rates and little news – Danske Bank
FXStreet reports that analysts at Danske Bank offered a quick review of Thursday’s Norges Bank policy decision to leave the key rate unchanged at 1.50%, broadly in line with market expectations.
“This morning, Norges Bank (NB) left the sight deposit rate unchanged at 1.50% in a decision widely expected by both markets and analysts. This was a 'small' meeting that only included a press release, i.e. there was no monetary policy report, revised rate path nor press conference.”
“In the evaluation of the domestic economy, NB concluded that new information supports the view that capacity utilization is above normal, but that the economy is close to a peak and inflation is close to target. On the external environment, NB stated that the risk of a sharp downturn is reduced, but is not eliminated.”
“In sum, NB clearly expects the policy rate to remain unchanged at least until the next 'main' meeting in March. This is line with our expectations, but we still pencil in a rate hike in June 2020, even if the probability of this call materialising has fallen considerably in recent weeks and arguably is not much more than 50% at this stage.”
© 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
