Norges Bank Policy Announcement (Dec): 2.75% vs. Exp. 2.75% (Prev. 2.50%); policy rate will most likely be raised further in Q1 2023

There are signs that the slowdown may prove somewhat more pronounced than envisaged in September.
The policy rate has been raised considerably over a short period of time, and monetary policy has started to have a tightening effect on the economy.
If the pressures in the economy persist, and signs emerge that inflation will remain high for longer than currently projected, a higher policy rate may be needed than currently envisaged.
An easing of economic pressures will help curb inflation further out.
Repo Path: Dec’22 2.46% (prev. 2.45%), Mar’23 2.82% (prev. 2.82%), end-2023 3.08% (prev. 3.10%), end-2024 2.78% (prev. 2.93%), end-2025 2.38% (prev. 2.56%)
Inflation Forecasts (CPI-ATE): Dec’22 5.75% (prev. 4.97%), Mar’23 5.86% (prev. 5.35%), end-2023 4.29% (prev. 4.45%), end-2024 3.17% (prev. 3.04%), end-2025 2.45% (prev. 2.38%)