Norway raises rates and signals further hike is likely
Norges Bank will increase rates in September if forecast is accurate, governor says
Norges Bank increased interest rates by 25 basis points at its monetary policy meeting today (August 17), and signalled another hike in September is likely.
The Norwegian central bank’s policy rate is now 4%, the overnight lending rate 5% and the reserve rate 3%. “If the economy evolves as currently anticipated, the policy rate will be raised further in September”, said governor Ida Wolden Bache.
“Activity in the Norwegian economy remains high, and the labour market is tight,” Norges Bank’s
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