TD Securities analysts point out that the Norges Bank hiked its key policy rate to 1.00% today, as broadly expected, but bucking the international trend of international central banks, raised its forecast for future policy hikes to indicate another hike this year (with about one-third chance of a 2nd hike), and further hikes next year. Key Quotes “While the Executive Board acknowledged the deteriorating international picture, it focused on upside risks to the domestic economy, where inflation is running above target and wage growth is strong.” “It’s worth noting that despite the upside revision to policy rates in 2019/2020, the Norges Bank’s forecast shows policy topping out just shy of 1.75% by the beginning of 2021, notably weaker than previous forecasts which had an upward trend through 2021.” 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 EU’s Verhofstadt: Impossible for Brexit extension beyond May 23rd FX Street 4 years TD Securities analysts point out that the Norges Bank hiked its key policy rate to 1.00% today, as broadly expected, but bucking the international trend of international central banks, raised its forecast for future policy hikes to indicate another hike this year (with about one-third chance of a 2nd hike), and further hikes next year. Key Quotes "While the Executive Board acknowledged the deteriorating international picture, it focused on upside risks to the domestic economy, where inflation is running above target and wage growth is strong." "It's worth noting that despite the upside revision to policy rates in 2019/2020, the… 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.
