Norges Bank will publish its interest rate decision on 5 November at 10.00 CET. It will not present a new interest rate forecast, but in the board's general assessment the central bank will compare the latest development…
Norges Bank will publish its interest rate decision on 5 November at 10.00 CET. It will not present a new interest rate forecast, but in the board's general assessment the central bank will compare the latest developments to the forecast made in September.
Analysts believe that bank rates will remain unchanged. Norges Bank's latest rate forecast is not more than 6 week old and in that a rate cut on this meeting was given zero probability. There is really not enough news about the development in the domestic economy since the last MPC meeting for Norges Bank to have changed its view significantly.
The main question is therefore whether the wording indicates that the central bank sees a higher or lower probability for a cut further ahead. The September rate path indicated unchanged rates this year, but rather high probability for a cut next year, says Nordea Bank.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
