CPI inflation in August was 4.8% y/y against expectations of 5.4% y/y. The m/m dynamics was -0.8% against expectations of -0.3%. Core m/m inflation down -0.6% vs. -0.3% expected (annual data at 6.3% vs. 6.6% expected). Data good from a monetary perspective, reducing the chance of further hikes (NOK loses against USD, which is the worst performing G7 currency).
There was also some interesting news from the ECB a little earlier. The European Central Bank will lift capital requirements for some banks after they corrected deficiencies in their leveraged finance units. Although no specific institutions were named, there is speculation that these may include BNP Paribas SA and Deutsche Bank AG.

Market Wrap: Europe attempts rebound amid hopes of restoring traffic in Hormuz 🚢
BREAKING: USDCAD rebounds after lower than expected CPI 🇨🇦 📈
Morning wrap (16.03.2026)
Daily summary: Week ends with Brent at 100$ and indices in the red