Erik Johannes Bruce, analyst at Nordea Markets, points out that the Norway’s inflation in August came in lower than Norges Bank’s forecast and somewhat lower inflation is not enough to prevent a September hike. Key Quotes “Core inflation in August came in at 2.1% y/y compared to 2.2% in July. Consensus was 2.2% and Nordea was 2.1%, while Norges Bank was 2.3%.” “As expected, food prices fell sharply m-o-m and more than last year. That together with a prolonged summer sale on clothes is the main reason why core inflation fell.” “Core inflation has now been 0.2% point below Norges Bank`s forecast for the last two months. That is – all else equal – an argument for a somewhat lower rate path in 2020, but not enough to change Norges Bank’s view for a September hike. Only a strong surprise to the downside in today’s Regional Network can prevent a September hike.” 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 EUR/USD struggles for direction near 1.1050 FX Street 4 years Erik Johannes Bruce, analyst at Nordea Markets, points out that the Norway's inflation in August came in lower than Norges Bank's forecast and somewhat lower inflation is not enough to prevent a September hike. Key Quotes "Core inflation in August came in at 2.1% y/y compared to 2.2% in July. Consensus was 2.2% and Nordea was 2.1%, while Norges Bank was 2.3%." "As expected, food prices fell sharply m-o-m and more than last year. That together with a prolonged summer sale on clothes is the main reason why core inflation fell." "Core inflation has now been 0.2% point below Norges… 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.
