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The Week Ahead – Inflation (US, China, India, Norway, Sweden) and Central Banks (BOC, BOK, MAS)

Nomura – The Week Ahead

CHAPTER

The Impact of Oil Prices on Inflation

I think corn inflation will rise to 6.1% from 5.9%. The labor market is definitely much stronger in Norway. Wage growth is higher. And expectations for inflation are much higher. They're certainly not anchored in the short term. Nor does bank have signaled at their last meeting that they're going to raise rates to a terminal rate of 3.6%. Do you expect two more 25 basis point hikes? Because as I say, inflation is still going to be a problem in the coming months.

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