Eurozone Industrial Production w.d.a. (YoY) came in at -0.6%, above expectations (-1%) in February

Antje Praefcke at Commerzbank highlights that Norges Bank has turned more hawkish after the Middle East war pushed up energy prices and inflation risks. The policy rate remains at 4%, but guidance and the rate path now signal a hike in June and possibly further moves later in 2026.