Norges Bank will cut rates and signal further cuts

Norges Bank present both its interest rate decision and a new monetary policy report, containing a new interest rate path, on Thursday.

A 25bp rate cut is widely expected and the focus will probably be on the new interest rate path. 

Nordea notes its forecasts as follows:

• We believe Norges Bank will present a rate path where the key rate will reach the bottom at 0.88%, 25bp below the forecast from December. 
  
  
• The rate path will be in line with a cut now and a 50% probability for a cut at the May meeting or the latest in June.