The net developments in Norges Bank rate path model suggest that Norges Bank will remain patient. Not much has changed since March. This is net hawkish relative to market expectations.
Something for your Espresso: March or April?
Markets are betting on an April cut from the ECB, but the January HICP may lead to a larger repricing of the March probabilities as well. Meanwhile, the US economy appears to be in a temporary goldilocks phase.
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