Thursday, November 3, 2022

Incremental Size of Norwegian Rate Hike Reduced but Normalization Process Not Over

The Bank of Norway’s policy interest rate had been slashed early in 2020 from 1.50% to zero percent, where such remained from May of that year until a 25-basis point increase in September 2021. Two more 25-bp increases were done in September and December of last year, and with inflation intensifying, a trio of 50-basis […]

* This article was originally published here

Monday, October 31, 2022

50-Basis Point Central Bank Rate Hike in Canada and More Tightening to Come

Today’s 50-basis point increase of the Bank of Canada‘s overnight rate target to 3.75% follows five consecutive hikes since March totaling three percentage points. More rate hikes will follow, and quantitative tightening to reverse some of the balance sheet growth during the pandemic will also continue. Although indicators of long-term expected inflation remain fairly well-anchored, […]

* This article was originally published here