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Macro Comment NorwayNorges Bank to frontload policy rate hike(s)


Norges Bank's policy rate forecast from March implies another rate hike by September. However, given the central bank's apparent eagerness to raise the policy rate, a June hike is now as good as set in stone, in our view. Even though we believe global weakness most likely will prevent the central bank from hiking after June, we see a significant risk that Norges Bank will try to hike as much as it can before it is too late, and therefore raise the policy rate one last time this autumn.


Kari Due-Andresen

Chief Economist Norway

Norway and UK

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Macro Comment Norway


Morgenrapport Norge