Norway keeps interest rates on hold, eyes December hike

Published on: Wednesday 01 November 2023

Norway's central bank kept its benchmark interest rate unchanged at 4.25% on Thursday, as widely expected, and said it would likely raise the cost of borrowing next month unless inflation showed a continued decline. "Based on the committee's current assessment of the outlook, the policy rate will likely be raised in December," Norges Bank Governor Ida Wolden Bache said in a statement. "If the committee becomes more assured that underlying inflation is on the decline, the policy rate may be kept on hold," she added.

News source: https://finance.yahoo.com/news/norway-keeps-interest-rates-hold-093446433.html

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Norway keeps interest rates on hold, eyes December hike