Norges Bank to cut rates by 25 bps

Norges Bank scheduled its monetary policy meeting at 10.00 CET.

A 25 bp rate cut is already priced into the market and widely expected among analysts, therefore the focus will be on the rate forecast.

Nordea Research notes...

We expect Norges Bank to cut rates by 25 bp to 1.0%. We think that the rate forecast will indicate a probability of another rate cut before the summer.