TD Securities analysts point out that the Norges Bank announces its latest policy decision at 9am BST and as the decision will not be accompanied by a Monetary Policy Report, and thus will offer relatively little insight into the central bank’s current thinking.
Key Quotes
We expect the Norges Bank to continue signalling a rate hike in the coming months, but importantly, not to name June as the expected timing–in other words, leaving the language broadly unchanged vs their previous meeting. Instead, we think that sort of precision for a September hike won’t come until the June meeting.”
“Just 15 minutes after the policy announcement, Governor Olsen appears before the Standing Committee on Finance and Economic Affairs to take questions about monetary policy.”
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