Danske Bank analysts point out that the Norges Bank (NB) has raised the policy rate by 25bp from 0.75% to 1.00% today and the rate path was adjusted upwards, as domestic factors, including the oil price and NOK, more than countered the negative effects of global growth and rates. Key Quotes “As Norges Bank clearly supports our view on the relative performance of the economy, we now expect NB to hike rates again in June, and deliver yet another rate hike in December (previous call was one 2019 hike in September).” “The rate path published in the Monetary Policy Report (MPR) was adjusted upwards until early 2021, and then downwards. Specifically, the rate path indicates that the next hike could come as early as June, and that a third rate hike in 2019 has a more than a 50% probability. Further out the rate path signals slightly more than one hike in 2021 and flattens around 1.75%.” “We now expect NB to hike rates again in June, and deliver another rate hike in December, taking the policy rates to 1.50 % at the end of 2019.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Switzerland: Negative rates will be new norm for a long time – ING FX Street 4 years Danske Bank analysts point out that the Norges Bank (NB) has raised the policy rate by 25bp from 0.75% to 1.00% today and the rate path was adjusted upwards, as domestic factors, including the oil price and NOK, more than countered the negative effects of global growth and rates. Key Quotes "As Norges Bank clearly supports our view on the relative performance of the economy, we now expect NB to hike rates again in June, and deliver yet another rate hike in December (previous call was one 2019 hike in September)." "The rate path published in the Monetary Policy Report… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
