Norges Bank Delivers Rate Cut But Signals Caution on Next Moves

Norges Bank Delivers Rate Cut But Signals Caution on Next Moves

Norway’s central bank delivered its second reduction in borrowing costs this year but signaled that it may be slow to cut them further amid stubborn inflation.

Market hopes dashed as Fed signals rate caution

The US Federal Reserve suggested more cuts were coming, but has pushed back on bets of an aggressive easing cycle that many investors had been banking on.

A hawkish Norges Bank shift sharply curtails future easing risks - Monex Europe

The Norges Bank cut rates by 25bps following the September policy meeting, taking deposit rates to 4.0%, matching our pre-announcement call, but in contrast to a large minority of analyst views that had predicted no change in rates. That said, those looking for a more hawkish outcome will not have been disappointed entirely, with a sharp upward adjustment to the Bank’s rate path suggesting a much more cautious approach from the Bank moving forwa…