Norges Bank Review Another Hawkish Tilt

Norges Bank held interest rates steady but delivered a hawkish update, signaling an impending rate hike and raising their policy rate path. Nordea expects the central bank to hike in August barring negative surprises.

Key Takeaways

• 1.Norges Bank maintained the key rate but signaled a further hike in the coming meetings, expressing a hawkish bias.
• 2.The rate path was revised upward by approximately 25bp, driven by persistent inflation concerns.

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