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Slow vaccine rollout key risk to the outlook

In a quiet week for data, the Norges Bank left its key policy rate at a record low of zero, where we suspect it will stay until at least 2023. Meanwhile, we think the extension of some virus measures in Sweden will do little to alleviate pressure on the health system and that tighter virus containment measures are on the way. This clouds the outlook, especially if the vaccine rollout doesn't accelerate.

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