Nomura Sees Norges Bank Holding Rate at 4.25% in August Amid Soft Inflation
Nomura analysts expect Norges Bank to maintain its policy rate at 4.25% at the upcoming August meeting, pointing to weaker underlying inflation and benign domestic conditions.
Nomura strategists Josie Anderson, George Buckley, and Andrzej Szczepaniak forecast that Norges Bank will leave its key policy rate unchanged at 4.25% during its August gathering. The call stems from softer underlying price pressures and a generally benign domestic backdrop.
Market participants will closely scrutinize the accompanying guidance for any hints about the future rate path, as inflation dynamics and the krone’s valuation remain in focus.
Source: FXStreet Forex News