Norwegian Key Policy Rate* N/A 3.75% vs. Exp. 3.5% (Prev. 3.25%); current assessment of the outlook and balance of risks implies that the policy rate will most likely be raised further in August.
Important
SourceNewsquawk
SectionOther Central Banks
RATE PATH
- Current assessment of the outlook and balance of risks implies that the policy rate will most likely be raised further in August.
- The policy rate forecast has been revised up since the March Report and indicates a rise in the policy rate to 4.25 percent in the course of autumn.
- Jun’23 3.20% (prev. 3.18%), Sep’23 3.88% (prev. 3.52%), end-2023 4.21% (prev. 3.60%), end-2024 3.98% (prev. 3.45%), end-2025 3.45% (prev. 3.02%)
INFLATION:
- Inflation has been markedly higher than projected in the March Report.
- Higher wage growth and a weaker krone than projected earlier will push up inflation ahead.
- (CPI-ATE) Jun’23 6.58% (prev. 6.01%), Sep’23 6.30% (prev. 5.42%), end-2023 5.91% (prev. 4.88%), end-2024 3.94% (prev. 3.44%), end-2025 2.93% (prev. 2.64%)