Morning Bid: Europe's hikers look to carry on as Fed hesitates

A look at the day ahead in European and global markets from Tom Westbrook

Norges Bank has been steadily hiking since September 2021 and economists reckon it has at least two more 25 bp hikes to go.

Surprisingly hot British inflation seems to have washed out any doubt that the BoE will be in serious hiking mode today, too, with a 25 bp hike expected at 1200 GMT, its 11th consecutive rate rise.

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