Norges Bank: 2019 interest rate forecast faster than indicated – Deutsche Bank

Deutsche Bank analysts point out that the Norwegian Krone appreciated by +0.87% versus the euro yesterday as the central bank raised interest rates by 25bps to 1%.

Key Quotes

“While the rate hike was expected, the interest rate forecast for 2019 was faster than the Norges Bank had indicated in December. Governor Olsen said that he saw a greater than 50% probability that there would be a rate hike in June.”