Jun 28
Norway: Unchanged policy rate from Norges
As widely expected, Norges Bank kept the policy rate unchanged today at 5.5%. Ahead of the announcement all focus was on whether Norges Bank would flag a June hike by saying that it had considered or discussed rising rates. The central bank did not pre announce a June rate hike. Furthermore, at the press meeting, Governor Gjedrem added that there were not two alternatives on the table today – only unchanged rates. Hence, the press release was in fact quite close to our expectations; we looked
