Europe’s central banks diverge on monetary policy
Norway holds, while Albania, Czech Republic and Sweden proceed with cuts
Four central banks in Europe announced monetary policy decisions yesterday and today (November 7).
Norway held rates and said it would not change its stance until the end of the year.
Albania and the Czech Republic both cut rates by 25 basis points, while Sweden cut rates by 50bp. Albania’s economic outlook has improved, the Czech Republic’s recovery has continued, albeit sluggishly, and Sweden has accelerated its loosening to help the economy escape recession.
NorwayNorges Bank’s monetary policy
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