Latest rate decision now out from Norway 15 March
As expected but NOK still higher with EURNOK down to 9.525, highest level for NOK since Nov 2017
- decision unanimous
- prospects that growth will be higher in 2018 than 2017
- interest forecast implies increase in residential mortgage rates from 2.5% today to around 4% by end of 2021
- Krone exchange rate expected to be slightly stronger throughout the projection period vs prev in Dec
Hawkish tones overall.
Update: EURNOK now testing 9.5000
