Norway's central bank is expected to keep interest rates on hold on Aug. 15...
OSLO - Norway’s central bank is expected to keep interest rates on hold on Aug. 15 while signaling that a hike will likely follow later this year amid solid growth, above-target inflation and currency weakness, a Reuters poll of economists showed.
Waging an increasingly lonely campaign, Norges Bank has raised rates three times since September and warned that further hikes may follow next month and in the first half of 2020, even as other central banks shifted to dovish positions. The intermediary announcements, such as the one in August, come with shorter statements that signal the board’s intent for the following meeting, and analysts are now asking how strong those signals will be.
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