the Obi.en: Sjefsanalytiker in Nordea Markets, Erik Bruce, said when he visited the HegnarTV and HegnarPodden Monday, that march pointing out that the next rentehevingstidspunkt.
Norway vs Sweden and Europe
– It is a long time to?
Yes, Norges Bank let the very emphasis on the last, they go gradually forward. They are uncertain about how it is to put up interest rates in norway, when nothing happens with interest rates around us, ” says Bruce.
He points out that inflation in the euro area is flat, but that the Swedish Riksbanken probably going to put up interest rates in the new year or are already in December.
They will gradually move forward. See the effect of the crown also are probably a bit insecure in the housing market, and how it will respond.
Cautious interest rate policy
Trygve Hegnar shoots in from the side that Norges Bank has signaled that they will increase the interest rate six times to the end of 2021, and that the key rate will stand at eur 2.25.
– It is a very careful development, ” says Obi.
I think they can go faster forward, because the Norwegian economy will go better in the years to come. So I think also that the ECB will put up interest rates, Riksbanken will put up the interest rate, and the FED is well on the way already.
Høyrenteland
Presenter Stein Ove Haugen points out that it is far from nullrenten in the ECB, and the Riksbankens minus 0.5 up to Norway 0,75.
– Sure, but I think the foreign exchange market looks more of the change in the interest rate differential. It has accepted that Norway is høyrenteland in relation to the ECB and Riksbanken, but it helps for the foreign exchange market also they put up, ” says Bruce.
More about what sjefsanalytiker Erik Bruce thinks about interest rate policy – and what you can expect from Norges Bank and the Norwegian krone – hear the full interview here.
