According to analysts at TD Securities, today’s Norges Bank meeting should be a relatively straightforward placeholder meeting, especially given the Executive Board hiked rates just one month ago.
Key Quotes
“There is also no Monetary Policy Report at this meeting in which to explain a change in view, so justification for any view will be very brief. Macroeconomic trends support a continued trend of rate hikes through next year, but some underlying signs of increasing household uncertainty will restrain too quick a pace of hikes. However a sharp increase in inflation momentum in recent months, on top of accelerating GDP growth into 2018H2, should keep them on track for a 19Q1 hike.”
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