Norges bank opens a new policy door - TDS

James Rossiter, Research Analyst at TDS, notes that as nearly universally expected, the Norges Bank cut its key policy rate by 25bps today, leaving it at 0.50%.

Key Quotes

“The accompanying materials painted a very dovish picture, with the Norges Bank’s interest rate forecast revised down by 20bps, suggesting at least one more rate cut this year.

The Norges Bank for the first time discussed the possibility of moving the key policy rate into negative territory, should the outlook deteriorate significant.”