Norway central bank raises interest rate, may hike again
- On Thursday, Norges Bank raised its key policy rate by 0.25 percentage points to 4.5 percent, with the Norwegian krone strengthening immediately after the announcement as Central Bank Governor Ida Wolden Bache aimed to curb inflation toward the 2 percent target.
- Inflation has remained above the 2 percent target for several years, prompting Norges Bank to implement its second rate hike this year, while Sweden's central bank, the Riksbank, has kept its key interest rate steady at 1.75 percent.
- Ongoing strikes by the Norwegian Locomotive Drivers forced 138 train cancellations on Thursday, with 145 more scheduled for Friday; leader Rolf Ringdal said the union can continue "for many weeks" without direct dialogue between parties.
- Oslo city council proposed a 2027 budget eliminating residential property taxes and capping monthly transit passes at 499 kroner, though the plan also includes a 27.5 percent increase in water fees, with a final vote scheduled for December.
- State meteorologists warn that temperatures may exceed 20C as record October heat approaches, while Norway Police continue searching for missing Czech tourists after a boat sank off the coast of Nordmøre.
43 Articles
43 Articles
BT
While Norway's central bank is raising interest rates, just as Denmark has done, it is being held steady in Sweden.
Norges Bank Hikes for Second Time With Readiness to Act Again
Norway’s central bank increased borrowing costs for the second time this year, and said it’s primed to hike again if necessary to tame consumer prices, with its hawkish mood also echoed by neighboring Riksbank.
Aftenposten
The interest rate thriller ended with an increase.
Norway central bank raises interest rate, may hike again
Norway's central bank raised its policy interest rate by 25 basis points to 4.50% on Thursday as expected by a narrow majority of analysts in a Reuters poll, and said it may hike again to contain inflation.
Interest rates rise again | Norway's News in English — www.newsinenglish.no
A need for “a somewhat tighter monetary policy stance” prompted Norway’s central bank to boost its key policy rate by another quarter-point on Thursday. It’s the second rise in recent months, and brings the country’s policy rate up to 4.5 percent. The main justification for the increase is an inflation rate that the bank’s committee […]
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