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Daily Financial Market News

Wed, 24 Jan 2018 09:39:07 Z

Norges Bank: Hawkishness may be on the way - ING

Norges Bank: Hawkishness may be on the way - ING Skip to main content Follow us on: | FXStreet Blog |    Newsletter MENU Show navigation FXStreet FXStreet - The forex market Home RATES & CHARTS Live Chart Trading Positions Forecast Poll Rates Table Technical Levels New Technical Confluences EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD GBP/JPY EUR/JPY Dollar Index Gold Oil SP500 News Latest News Institutional Research EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD USD/CHF EUR/GBP Dollar Index Commodities Bonds Equities Analysis Latest Analysis EUR/USD GBP/USD USD/JPY AUD/USD USD/CAD Dollar Index Oil Gold Stocks Commodities Bonds Cryptocurrencies New Support and Resistance Elliott Wave Cycles Sentiment Economic Calendar Economic Calendar Interest Rates Market Hours Nonfarm Payrolls Fed BoC ECB BoE SNB BoJ RBA RBNZ Cryptos Live Video Latest Live Videos Shows Schedule Become Premium Ed Ponsi Giuseppe Basile Sarid Harper Alex Ong Sam Seiden Steve Ruffley Rob Colville Nenad Kerkez Gonçalo Moreira Navin Prithyani David Pegler Walter Peters Education Brokers Forex Brokers Broker News Broker Spreads Home RATES & CHARTS TOOLS Live Chart Trading Positions Forecast Poll Rates Table Technical Levels Technical Confluences ASSETS EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD GBP/JPY EUR/JPY Dollar Index Gold Oil SP500 News LATEST FOREX NEWS Latest News Institutional Research LATEST NEWS BY ASSETS EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD USD/CHF EUR/GBP Dollar Index Commodities Bonds Equities Analysis SECTIONS Latest Analysis EDITORIAL SELECTION EUR/USD GBP/USD USD/JPY AUD/USD USD/CAD Dollar Index Oil Gold Stocks Commodities Bonds Cryptocurrencies Support and Resistance Elliott Wave Cycles Sentiment Economic Calendar TOOLS Economic Calendar Interest Rates Market Hours TOP EVENTS Nonfarm Payrolls Fed BoC ECB BoE SNB BoJ RBA RBNZ Cryptos Live Video SECTIONS Latest Live Videos Shows Schedule Become Premium MOST POPULAR COACHES Ed Ponsi Giuseppe Basile Sarid Harper Alex Ong Sam Seiden Steve Ruffley Rob Colville Nenad Kerkez Gonçalo Moreira Navin Prithyani David Pegler Walter Peters Education Brokers SECTIONS Forex Brokers Broker News Broker Spreads ; NEWS | 6 minutes ago Norges Bank: Hawkishness may be on the way - ING By Sandeep Kanihama In December, Norway's central bank delivered an upbeat assessment of the economy, revising up forecasts for GDP and inflation, and shifting forward the expected date for its first rate hike by two quarters into December 2018, notes the research team at Danske Bank. Key Quotes “Since then, the data has been largely as the Bank expected: inflation rose to 1.6%, and activity indicators have been consistent with 0.6% Q4 growth. House prices did continue to fall in December, but at a moderate pace that will not overly worry the central bank.” “Rising oil prices suggest more hawkishness may on the way. The Norges Bank will probably be pleased that the positive correlation between the Norwegian krone (NOK) and oil prices have returned in 2018. Since December's meeting, Brent is up another 9% and the Norwegian Petroleum Directorate published a fairly upbeat forecast for hydrocarbon production and exploration in 2018 and beyond (a key driver for Norwegian growth). That means there is a chance of further upward revisions to the Norges Bank's forecast, though that is most likely a story for March or June, should the oil price hold up.” Information on these pages contains forward-looking statements that involve risks and uncertainties. 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