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

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”.