The dovish signal sent by Norges Bank’s decision to cut its policy rate by 25bp to 4.0% was accompanied by its more hawkish view on the interest rate outlook. We expect the Bank to leave interest rates on hold over the rest of this year, and if the economy maintains its recent momentum and core inflation remains high, any further loosening in 2026 will be very limited.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services