Soft Inflation Expected to Keep Norges Bank on Hold at 4.25%
Norges Bank is seen leaving its policy rate unchanged at 4.25% after weak June and July inflation, while maintaining a tightening bias.
Norway’s Norges Bank is expected to keep its policy rate at 4.25% at today’s meeting after inflation figures for June and July came in low.
The softer inflation prints reduce pressure for additional tightening, but the Monetary Policy Committee is still expected to maintain some form of tightening bias in its communication.
That leaves the door open to further rate moves even as the headline rate remains unchanged.
Source: FXStreet Forex News