Erik Johannes Bruce, Reseach Analyst at Nordea Markets, expects Norway’s core inflation to remain on the upside to Norges Bank again in October, which argues for a higher path in December, but growth and especially labour markets will be more important. Key Quotes “Core inflation remained at 1.9% in September after the surprise rise in August. Norges Bank had expected a correction down and hence core inflation ended 0.3% point above Norges Bank’s forecast. The October figure is out on the 9th of November.” “We expect the October core inflation unchanged at 1.9%. That means the gap to Norges Bank will remain 0.3% points. Consensus is 1.8%.” “If we are right, inflation will end up above Norges Bank and enough to give a positive contribution to the rate path. Still, current inflation is not a main driver for changes in the path and probably less so when we are that close to the target anyway.” 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 Irish PM Varadkar: Review clause may be to our advantage FX Street 4 years Erik Johannes Bruce, Reseach Analyst at Nordea Markets, expects Norway's core inflation to remain on the upside to Norges Bank again in October, which argues for a higher path in December, but growth and especially labour markets will be more important. Key Quotes "Core inflation remained at 1.9% in September after the surprise rise in August. Norges Bank had expected a correction down and hence core inflation ended 0.3% point above Norges Bank's forecast. The October figure is out on the 9th of November." "We expect the October core inflation unchanged at 1.9%. That means the gap to Norges Bank… 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.
