Be wary of the ‘vibes’: positive investor sentiment doesn’t necessarily match the true value of stocks 
The Federal Reserve held off hiking interest rates 
Governments have been able to overrule the Reserve Bank for 80 years. Why stop now? 
The Federal Reserve and the art of navigating a soft landing ... when economic data sends mixed signals 
Nigeria: botched economic reforms plunge the country into crisis 
Why is toddler milk so popular? Follow the money 
If central banks don't start cutting them soon, it could actually increase inflation 
Taxes aren’t just about money – they shape how we think about each other 
Norges Bank (NB) is expected to keep the sight deposit rate unchanged at 0.50 percent at Thursday's meeting. While developments since September have been roughly as expected, the combination of a weaker NOK and higher oil prices clearly calls for an upward adjustment of the rate path, signalling a more than 50 percent probability of a rate hike in 2018, Danske Bank reported.
However, it is hard to understand how Norges Bank can avoid a significant upward adjustment to the rate path at this junction. Actually, a pure technical approach indicates a rate path that implies a rate hike in March 2018 and another hike before the end of next year.
"An upward revision of NB's interest rate path should trigger a steeper 2019 FRA-curve. Short-end ASW-spreads may widen over New Year," the report said.
Meanwhile, the central bank is again expected to lean on the ‘financial imbalances and uncertainty’ factor introduced to avoid sudden shifts in the expected rate setting. This leaves Norges Bank a lot of room to manoeuvre, which in turn makes it difficult to make an accurate estimate.
