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Norges Bank could revise up its rate path – Danske Bank

FXStreet (Edinburgh) - Chief Analyst Thomas Harr at Danske Bank thinks the Nordinc central bank could revise its rate path higher in the next monetary policy meeting.

Key Quotes

“We expect NB to revise the rate path upwards at the next monetary policy meeting on 18 September”.

“NB currently says that rates will be kept at the current level until the end of 2015 followed by a ‘gradual rise’ and that it sees a 30% probability of a rate cut over the next year”.

“The new rate path might remove the probability of a rate cut, bring forward the first rate hike and make the gradual rise in rates in 2016-17 less gradual”.

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