Still waiting to even get started - Monex Canada

Still waiting to even get started - Monex Canada

The Norges Bank has maintained the deposit rate at 4.50% once again, in line with our expectations and economist consensus. The policy statement also contained little by way of surprises on this occasion too, retaining language from March that points to easing at some point later in 2025. The FX reaction was suitably muted for a decision that offered minimal new guidance for markets. After a brief but temporary uptick, EURNOK is now trading unch…

There was no interest rate cut from Norges Bank on Thursday. The central bank points to customs barriers and the krone exchange rate and warns that interest rate cuts are likely during the year.

There was no interest rate cut from Norges Bank on Thursday. The central bank points to customs barriers and the krone exchange rate and warns that interest rate cuts are likely during the year.

The key interest rate is kept unchanged at 4.5 percent. At the same time, there is greater uncertainty about the future than normal, according to Norges Bank.

Norges Bank's Monetary Policy and Financial Stability Committee decided at its meeting on May 8 to keep the key interest rate unchanged at 4.5 percent. But now there is increased belief in a rate cut this year.

The central bank is doing as expected.