Erik Johannes Bruce, analyst at Nordea Markets, notes that the Norges Bank kept rates unchanged as expected and as in line with the March rate path. Key Quotes “More important by saying that the: “current assessment of the outlook and balance of risks suggests that the policy rate will most likely be raised in June.” it clearly indicates that it will hike in June.” “The March path gave a June hike more than 50% probability, but not 100% so this is clearly on the hawkish side. We believe in a June hike.” “If NOK and oil prices remains close to the current level it argues for a significant rise in the rate path and the development in the economy should disappoint strongly to prevent a hike in June.” 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 Germany: Manufacturing still in negative territory – ABN AMRO FX Street 3 years Erik Johannes Bruce, analyst at Nordea Markets, notes that the Norges Bank kept rates unchanged as expected and as in line with the March rate path. Key Quotes "More important by saying that the: "current assessment of the outlook and balance of risks suggests that the policy rate will most likely be raised in June." it clearly indicates that it will hike in June." "The March path gave a June hike more than 50% probability, but not 100% so this is clearly on the hawkish side. We believe in a June hike." "If NOK and oil prices remains close to… Top 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.
