Norges Bank Preview: Forecasts from five major banks, last hike in December? Norway InterestRate EURNOK Macroeconomics Banks
s forecast by the economists and researchers of five major banks regarding the upcoming central bank's Interest Rate Decision.
NB is expected to hike rates by 25 basis points to 2.75%. At the last meeting on November 3, the bank hiked rates by 25 bps.“We still expect a 25 bps hike but have become less convinced that the key rate will need to be raised much further. Hence, the December hike to 2.75% could end up being the last hike from Norges Bank in this cycle.”“We expect another 25 bps hike with the potential for Norges bank to follow the BoC’s lead from last week and hint that they may be in a position to pause.
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