Norges Bank decision should be entirely uneventful – TDS

In view of analysts at TDS, today’s Norges Bank decision should be entirely uneventful, especially as there’s no MPR this month so no new forecasts.

Key Quotes

“Underlying inflation was, on average, in line with the Norges Bank’s forecast in Q4, and the rise in crude oil prices and appreciation of the trade-weighted krona over the last few weeks probably largely cancel each other out when it comes to the rates and inflation forecasts. So we expect to see a fairly straightforward statement of 200 words or so, noting that developments are broadly in line with those presented in December, and we’ll wait until March for a more thorough update of the Norges Bank’s thinking.”