Europe Rapid Response Norway CPI (Jan. 2024) January’s continued fall in core inflation in Norway, and renewed fall in the headline rate, support our view that price pressures will ease more quickly this year than Norges Bank is forecasting. We... 9th February 2024 · 2 mins read
Europe Economics Update Norges Bank policy rate to fall quickly in H2 Norges Bank today reiterated that it will leave its policy rate at 4.5% “for some time”. But we think that inflation will fall rapidly this year, so when the Bank does start to cut rates, it will do... 25th January 2024 · 3 mins read
Europe Rapid Response Norges Bank policy rate to fall quickly in H2 Norges Bank today reiterated that it will leave its policy rate at 4.5% “for some time”. But we think that inflation will fall rapidly this year, so when the Bank does start to cut rates, it will do... 25th January 2024 · 2 mins read
Europe Economics Update Norges Bank’s turn to hold We think Norges Bank will keep its policy rate unchanged at 4.50% next week but, given the weakness in the krone and tight labour market, retain a hawkish bias in its guidance. Further ahead, we think... 18th January 2024 · 3 mins read
Europe Chart Pack Europe Chart Pack (Jan. 2024) ECB policymakers still insist that monetary policy will remain tight throughout the first half of the year, if not longer. But we think that weakness in economic activity and lower inflation will... 10th January 2024 · 1 min read
Europe Rapid Response Norway CPI (Dec. 2023) The fact that core inflation fell and the headline rate was unchanged in December confirms that Norges Bank’s most recent interest rate hike will have been the last in this tightening cycle. We think... 10th January 2024 · 2 mins read
Europe Economics Update Norges Bank tightening cycle comes to an end Today’s decision by Norges Bank to hike its policy rate by 25bp to 4.50% marks the end of its tightening cycle. Looking ahead, we have pencilled in a faster pace of rate cuts next year than... 14th December 2023 · 3 mins read
Europe Rapid Response Norges Bank Policy Announcement (Dec. 2023) Today’s decision by Norges Bank to hike its policy rate by 25bp to 4.50% marks the end of its tightening cycle. Looking ahead, we have pencilled in a faster pace of rate cuts next year than... 14th December 2023 · 1 min read
Europe Rapid Response Norway CPI (Nov. 2023) The rise in the headline rate and slight fall in the core rate in November was broadly in line with the central bank’s forecast. So we think Norges Bank is likely to go ahead with a final interest... 11th December 2023 · 2 mins read
Europe Economics Update One last hike to come at Norges Bank Despite the recent paring back of interest rate expectations across Europe, we think Norges Bank is likely to go ahead with one final 25bp hike next week – taking the policy rate to a peak of 4.50% –... 7th December 2023 · 4 mins read
Europe Economics Update Norges Bank hike back on amid strong price pressures Recent developments will have given policymakers at Norges Bank food for thought ahead of December’s interest rate decision. While we had initially rejected the central bank’s guidance that it would... 16th November 2023 · 4 mins read
Europe Rapid Response Norway CPI (Oct. 2023) Despite the unexpected jump in Norway’s headline and core inflation rates in October, we still think the Norges Bank is most likely to leave rates on hold in December. 10th November 2023 · 2 mins read
Europe Chart Pack Europe Chart Pack (Nov. 2023) The ECB’s recent decision to leave interest rates on hold, and its associated communications, confirm that its tightening cycle is now almost certainly over. But despite inflation having fallen... 8th November 2023 · 1 min read
Europe Economics Update Norges Bank tightening cycle probably at an end We think that the decision today by Norges Bank to leave its policy rate on hold at 4.25% signals the end of its tightening cycle. Contrary to the Bank’s communication, we do not expect a hike in... 2nd November 2023 · 3 mins read
Europe Economics Update Norges Bank’s tightening cycle likely to be over Norges Bank is almost certain to leave its policy rate unchanged at 4.25% next week. And we suspect that, given September’s weak inflation data, it will also soften its language about implementing one... 26th October 2023 · 3 mins read
Europe Commercial Property Update Nordic industrial rents to outpace euro-zone next year Industrial rental growth in the Nordics is set to slow in 2024. But a brighter macroeconomic outlook and tight vacancy will help rent growth to outperform the euro-zone. Further ahead, the current... 13th October 2023 · 3 mins read
