Brace yourself for a more hawkish Norges Bank

We think that the Norges Bank will bring forward the projected start date of interest rate hikes next Thursday, and there is a chance that it could re-tighten macroprudential policy too. Meanwhile, we expect the release of Swedish inflation data for February to show that energy-related base effects pushed the headline rate above the Riksbank’s 2% target. That said, policymakers will look through the temporary boost and are in no rush to tighten.