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Analysts at TD Securities suggest that today, the Norges Bank is widely expected to hike rates at 9am BST.

Key Quotes

“Growth prospects remain very strong in Norway for the second half of this year and inflation has surged well above the Norges Bank’s recent June forecasts.”

“Key to this meeting will be the degree to which they revise their rates forecast in 2019 and beyond.”

“They currently have two hikes forecasted, and while they won’t want to race too far ahead of their near-neighbours’ policy paths, domestic conditions could support an upward revision to the rates path.”