No news expected from the Norges Bank tomorrow – Danske Bank

Analysts at Danske Bank give their opinion on the upcoming Norges Bank meeting (Thursday).

Key Quotes

“We do not expect any new signals from Norges Bank at its monetary policy meeting on 3 May”.

“We expect Norges Bank to stand its ground and still signal a rate hike ‘after the summer’ (i.e. September), especially as this is a ‘small’ meeting with no monetary policy report or press conference. Indeed, over the past years, Norges Bank has tended to give very little new information at these interim meetings. Our own economic projections are fairly close to those of Norges Bank. Hence, we also expect the first rate hike in September”.