Norges Bank board strikes more bullish tone on outlook
Stronger signs from the economy prompt the central bank to bring forward plans for first hike
Norges Bank’s executive board struck an upbeat tone on the economic outlook today (March 15), signalling it is likely to tighten policy earlier than previously planned.
In a statement following its monetary policy meeting, in which it kept rates on hold at 0.5%, the board highlights growth that is “somewhat stronger than expected”. Underlying inflation remains “low”, with the CPI excluding tax and energy at 1.4%, though headline CPI hit 2.2% in February and the central bank expects wage
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