Norway's April core inflation rises in line with expectations

Norway's annual core inflation rose in line with expectations in April, according to Statistics Norway. The print supports expectations that interest rates could increase further this year, reinforcing a mildly hawkish policy outlook. The release is important for rate expectations but is not a major market-moving shock.

Analysis

Norway's annual core inflation rose in line with expectations in April, according to Statistics Norway. The print supports expectations that interest rates could increase further this year, reinforcing a mildly hawkish policy outlook. The release is important for rate expectations but is not a major market-moving shock.