Central Banks
First Norway Rate Cut Is Likely Half a Year Away: Decision Guide
- All economists expects key deposit rate to be held at 4.5%
- Better growth outlook, wage pressure seen delaying first cut
Norges Bank is probably about to signal that it’s nowhere near ready to cut borrowing costs in an economy that shows signs of largely withstanding tightened monetary policy.
With Norwegian officials widely anticipated to keep their key deposit rate at 4.5%, the highest level since 2008, investors will focus on just how far back Governor Ida Wolden Bache and other policymakers plan to dial back their first move when they publish their decision on Thursday.