South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
RBI Hits Pause as Geopolitical Storm Clouds Gather 
Kevin Warsh Faces Early Fed Test as Inflation Risks Challenge Rate-Cut Expectations 
Norges Bank is unlikely to react to additional stimulus ECB. However, as the economic outlook seems to vulnerable to the stimulus, there is a possibility of 25bp rate cut in the next three to six months, says Barclays.
Lower oil price hits the employment growth in the resource sector, and the labor market is quite quite immobile. Therefore, unemployment rate increased sharply.
"Looking ahead, we expect higher oil prices, which, in combination with heavy market pricing for additional Norges easing, makes us cautious in calling for material depreciation on the basis of an already undervalued NOK. On balance, we see EURNOK at 9.10 by Q2 2016 and 9.0 in Q4 2016", estimates Barclays.
