Norges Bank: 25 bps hike, final rate increase to 4.25% will come in September – Nordea
|The outcome of Norges Bank’s August meeting was as widely expected. Economists at Nordea expect a final rate hike to 4.25% from Norges Bank in September.
One more to come
Norges Bank increased the key rate by 25 bps to 4.0% and signalled another hike in September.
We expect a final rate hike to 4.25% in September, however, markets are leaning towards a peak rate at 4.5% in December.
There were almost no reactions to the outcome in rate markets, while the NOK strengthened minorly with EUR/NOK falling to 11.50 from 11.56.
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