Norges Bank likely to revise Q4 growth forecasts down
Norges Bank might revise the Q4 growth forecast slightly down and possibly take into consideration to reduce its wage forecasts of 2016 as well. "Still, we stick to our forecast for unchanged rates in December. NOK is on…
Norges Bank might revise the Q4 growth forecast slightly down and possibly take into consideration to reduce its wage forecasts of 2016 as well.
"Still, we stick to our forecast for unchanged rates in December. NOK is on the weak side and fiscal policy will be more expansionary than expected. Money market spreads has admittedly been high lately which could argue the other ways", says Nordea Bank.
They are declining currently. The central bank will most probably judge high money market spreads as to some temporary degree.
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