Norway holds interest rate steady at 4.5%

Norway Core Inflation Slows More Than Seen, Fueling Rate Cut Bet

Norway’s underlying inflation slowed more than forecast last month, fueling odds of an interest-rate cut by Norges Bank before the fall.

Norway holds interest rate steady at 4.5%

Norway's central bank kept interest rates on hold at a 17-year high of 4.5% today, as unanimously predicted by analysts, reflecting a resurgence of inflation that has prevented policy-makers from cutting borrowing costs.

Norway Keeps Rate at 16-Year High With Pledge of Cuts to Come

(Bloomberg) — Norway’s central bank kept borrowing costs steady for its 11th consecutive meeting, and reiterated its plan to begin easing later this year.

Norway's Central Bank Maintains 17-year High Interest Rate

Norway's Central Bank Maintains 17-year High Interest Rate Norway's central bank opted to maintain interest rates at 4.50%, marking the highest level in 17 years.The decision aligns with analysts' predictions, reflecting a surge in inflation that has hindered attempts to lower borrowing costs.Deputy Governor Paal Longva noted that a reduction in policy rates is expected by 2025, as the Norwegian crown achieved a minor gain against the euro.

Read news, articles and watch videos from Randaberg24

There was no interest rate cut from Norges Bank on Thursday. The central bank points to customs barriers and the krone exchange rate and warns that interest rate cuts are likely during the year.