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Norges Banks could cut rates by 25 bp on Thursday – TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    According to strategists at TD Securities, the Norges Bank is expected to lower its benchmark rate to 0.50% at its meeting on Thursday.

    Key Quotes

    “In many ways, Thursday’s Norges Bank rates decision is a slam dunk – they all but signalled a cut would happen as long ago as December, and everything we’ve seen since then has been consistent with this”.

    “And while the Norges Bank has a bad habit of surprising markets, that was more about December, and we're almost certain to see a 25bps reduction in the key policy rate to 0.50% this Thursday”.
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