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Norway's central bank keeps rate on hold again

Norway's central bank held its policy interest rate unchanged at a 16-year high of 4.5% today, as unanimously expected by analysts in a Reuters poll and reiterated that it will stay on hold until the end of the year.

Business • 07 Nov 24

The Norwegian crown weakened to 11.79 against the euro at 0806 GMT

Norway central bank keeps rate on hold

Norway's central bank held its policy interest rate unchanged at a 16-year high of 4.50% today, as unanimously expected by analysts in a Reuters poll, and said a tight stance will likely be needed for some time to combat inflation.

Business • 15 Aug 24

Norway's central bank kept its key policy interest rate on hold at a 16-year high of 4.5% today

Norway keeps rates on hold, postpones cut until 2025

Norway's central bank held its policy interest rate at a 16-year high of 4.5% today, as unanimously expected by analysts, and postponed the prospect of a rate cut until 2025 from a previous plan to reduce borrowing costs in September this year.

Business • 20 Jun 24

Norway central bank raises rate to 3.75%

Norway's central bank raised its key policy rate by 50 basis points (bps) to 3.75% in a bid to curb inflation, more than expected by a majority of economists surveyed by Reuters, and said it aimed for another hike in August.

Business • 22 Jun 23

Norges Bank's monetary policy committee raised the sight deposit rate to 1.75% from 1.25%

Norway central bank hikes rate by 50 basis points

Norway's central bank has raised its benchmark interest rate by 50 basis points (bps), as expected by most economists and said it will likely hike again in September after inflation soared well above forecast.

Business • 18 Aug 22

Norway's central bank has today cut its key interest rate to 1% from 1.5%

Norway central bank cuts interest rate in surprise move

Norway's central bank cut its key interest rate to 1% from 1.5% in a bid to alleviate the economic impact from the coronavirus outbreak, and may cut again, it said in a surprise announcement today.

Business • 13 Mar 20