Norges Bank expected to deliver a hawkish message – Danske Bank

According to Aila Mihr, Analyst at Danske Bank, the Norges Bank’s tone at its meeting later in the week is seen coming in on the hawkish side.

Key Quotes

“In the Scandies, much focus will be on markets anticipating Thursday’s Norges Bank meeting”.

“We expect the central bank to deliver a relatively hawkish message by repeating the March and May messages of a September hike. If that call materialises, it would mark an important fundamental trigger for the next leg lower in EUR/NOK”.

“We are short EUR/NOK via a 3M ratioed seagull”.