Nordea Expects Norges Bank to Keep Rate at 4.25% Next Week
Economists at Nordea see Norges Bank holding its policy rate steady at 4.25% at next week’s meeting, citing softer-than-expected core inflation in June and likely subdued July data.
NOK
Nordea economists Kjetil Olsen and Sara Midtgaard expect Norges Bank to leave its policy rate unchanged at 4.25% at the upcoming meeting. The team highlights that June core inflation was well below the central bank’s own projection, reducing pressure for further tightening.
They also see July inflation data remaining soft, reinforcing the case for a wait-and-see approach. The Norwegian krone’s outlook will likely hinge on the balance of domestic price trends and global risk sentiment.
Source: FXStreet Forex News