Recent moves in oil and natural gas markets mean that inflation might be a bit higher this year than we previously assumed, but we still expect it to be around 2%. There have also been some tentative signs that consumers are becoming a bit more willing to spend, but we forecast consumption growth to remain muted this year. Next week, Norges Bank is likely to leave its policy rate unchanged but prepare the ground for a cut in March.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services