Norges Bank’s Olsen: Rate hike coming "after summer"

Following the Norges Bank, Norway central bank, monetary policy decision, its Governor Olsen came out on the wires, via Reuters, talking up rate hike chances post-summer.

Key Headlines:

Rate hike coming "after summer".

Demanding now to assess the exact timing of rate increase.

Remains to be seen whether August is a summer month.

The increase could come in Aug or Sept.

It will take time before rates are significantly higher.