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Norway

Morgenrapport Norge —

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

Morgenrapport Norge —

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no

Fast Comment Norway — Preview: Labour market data and retail sales

  1. Survey- and registered unemployment coming up; we continue to expect small changes
  2. Norges Bank has recently admitted unemployment has been a little higher than anticipated
  3. Retail sales escape the drought; expect a rebound in August

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no

Morgenrapport Norge —

Halfdan Grangård, Senior Economist | hagr11@handelsbanken.no

Fast Comment Norway — Dovish hike from Norges Bank

  1. Policy rate hiked by 25bp to 0.75%
  2. New policy rate path slightly lower, while we had expected it to be slightly higher
  3. Changes are small, though: still 6 hikes indicated by 2021 and next one seen in March 2019

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

Morgenrapport Norge —

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no