Norwegian core inflation slows down slightly in August
Norwegian inflation came in below Norges Bank’s forecast in August. Slightly below inflation is not sufficient to prevent a September hike, noted Nordea Bank in a research report. Core inflation slowed down slightly to 2…
Norwegian inflation came in below Norges Bank’s forecast in August. Slightly below inflation is not sufficient to prevent a September hike, noted Nordea Bank in a research report.
Core inflation slowed down slightly to 2.1 percent year-on-year from July’s 2.2 percent. Consensus expectations was 2.2 percent and Norges Bank’s expectations was 2.3 percent.
As anticipated, food prices dropped sharply on a sequential basis and more than last year. That together with a prolonged summer sale on clothes is the main reason why core inflation fell. Core inflation has been 0.2 percentage point below Norges Bank’s forecast for the last two months.
“That is - all else equal - an argument for a somewhat lower rate path in 2020, but not enough to change Norges Bank’s view for a September hike”, added 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…
