Norges Bank Governor: Last Mile of Disinflation Proving Sticky

In her annual autumn lecture, Norges Bank Governor Ida Wolden Bache addressed why the final phase of disinflation is taking longer than expected, likely signaling persistent inflation pressures in Norway. The speech suggests the central bank may need to maintain a restrictive policy stance for longer, with implications for NOK and Norwegian rates. The exact policy path remains uncertain, but the tone indicates a cautious approach to easing.