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.


Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 



