Norges Bank signals September rate hike
MPC says economy is rebounding sharply as officials warn of high household debt levels
Norway’s monetary policy committee kept its key rate at 0% after its meeting today (June 17), but it signalled a likely raise in September.
A rise would make Norges Bank the first western central bank to tighten policy since the beginning of the Covid-19 pandemic. “In the committee’s current assessment of the outlook and balance of risks, the policy rate will most likely be raised in September,” said governor Øystein Olsen.
“Further easing of Covid-related restrictions will help a return to
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