FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September 
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U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
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Core inflation of Norway surprised the market on upside in November as it is increased by 3.1%. The Norges Bank was expecting the figure at 2.96%.
The higher than expected inflation is the result of increase in year on year food prices which was unexpected for the analysts. The rise in food prices are temporary, hence, it is unexpected to affect the inflation rate in December.
"We expect Norges Bank to remain on hold in December, but that has nothing to do with current inflation", argues Nordea bank in a research note.
