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The research team at Nomura suggests that in Norway, Norges Bank is widely expected to raise rates at this Thursday’s meeting and the focus will then turn towards when the next hike will take place.

Key Quotes

“The current pace of tightening signals this could come in March, but we would not rule out a bank tightening at a faster pace.”

“We expect these themes to keep NOK supported in coming months. However, NOK positive catalysts are unlikely to last indefinitely. Once a few hikes in, Norges Bank may take a more data-dependent approach, akin to the Bank of Canada (BoC).”

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