Norwegian July inflation drop fuels rate cut hopes

Prices fell 0.4% in Norway in the month to July. The drop in inflation fuelled expectations of an interest cut when Norges Bank meets on Wednesday 13 August.

Source: AFP

Norway has reported another drop in consumer prices, fuelling expectations that the country's central bank will cut leading interest rates this week.

Prices dropped by 0.4% in July from June, after a 0.3 fall the previous month, Norway's statistics office said. Annual inflation was unchanged at 1.7%.

Norway's central bank

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