Norges Bank likely to stand pat in October, no new rate path expected – Nordea Bank

The Norwegian central bank, Norges Bank, is expected to stand pat in October, noted Nordea Bank in a research report. The central bank is unlikely to announce a new rate path. However, the central bank is expected to compare the latest developments to the projections made in September.

The focus is likely to be on whether the board’s assessment shows any change in view. The central bank is likely to note that inflation has been slightly on the subdued side, while the housing prices dropped more than anticipated in September. Meanwhile, the NOK has been on the weak side and the spot oil prices on the high side. Growth and capacity utilization figures have been fairly consistent with its view. In all, the listing would give a neutral impression.

“We expect the decision to be unanimous as at the previous two meetings”, added Nordea Bank.

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