Soft inflation supports hold from Norge's Bank - FXStreet
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Soft inflation supports hold from Norge's Bank FXStreet
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4 itemsNorges Bank Holds Rates Steady as Soft Inflation Supports Cautious Stance - CryptoRank
Norges Bank can still hike this year
Lead — The desk views Norges Bank's path toward potential rate hikes as cautiously optimistic despite recent cooler inflation data, suggesting the first hike may still occur in September. Per the full note from ING, the Norges Bank's inflation projections have weakened, leading to a hesitant outlook for August, although they still anticipate further tightening this autumn. The desk notes that while the current inflation metrics are softer than originally expected, there remains an expectation for underlying inflation to rebound, which will be pivotal for future rate decisions. We are currently positioned with the consensus target for the Norwegian Krone at 1.075 against the euro, reflecting contrasting views among key institutions.