BBH: Norges Bank Rate Hike Odds Support Norwegian Krone

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Brown Brothers Harriman says the Norwegian Krone is softer against most peers after a modest pullback in oil prices, but September CPI data keep further Norges Bank rate hikes in play and offer support to the currency. Sticky underlying inflation running above the central bank's forecasts means the option to raise rates further remains open. Markets are pricing roughly 50% odds of another hike by year-end.

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