BOJ Expected to Hold Rates Steady While Signaling More Hikes Ahead 
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar 
UK Economy Posts Surprise June Growth as World Cup and Hot Weather Lift Activity 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious 
Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook 
Add as a preferred source on Google
The Norges Bank is expected to hike the sight deposit rate according to plan, i.e. at the meetings on March 21 and September 19 and continue signalling two further hikes per year in 2020-21, according to the latest research report from Danske Bank.
The upcoming board meeting on January 24 is not likely to provide any news. Norges Bank has pointed out that the normalisation of interest rates will be gradual. The cenral bank has so far only hiked the rate once in this cycle, i.e. on 21 September last year.
There seems to be no domestic reasons at present to guide towards anything other than a March hike at the upcoming meeting.
The recent low oil price will affect long-term oil investment levels and the Government’s oil revenue negatively, but the weakness of the NOK more than compensate for the drop in oil prices for Norge Bank’s interest rate path, short-term, the report added.
