Norges Bank likely to leave policy unchanged - TDS

Analysts at TD Securities are expecting the Norges Bank to leave policy unchanged in its upcoming meeting.

Key Quotes

“The focal point for risk is whether their messaging continues to point to a March hike. We think so as the domestic economy remains healthy and external risks have not deteriorated significantly since their December meeting.”

“Despite this, we think EURNOK's ability to decline further may be constrained in light of its recent move. Indeed, we see some risks of a "sell-the-fact" reaction once the event is out of the way as global risk appetite remains fragile.”