Norway central bank raises interest rate, may hike again
The central bank said borrowing costs may stay high longer as it works to bring inflation back to its 2% target.
- Norway's central bank raised its policy interest rate by 25 basis points to 4.50% on Thursday, as anticipated by analysts in a Reuters poll.
- In May, the central bank raised rates by 25 basis points earlier than expected, and future policy will depend on economic developments.
- Norges Bank stated that a somewhat tighter monetary policy stance is needed to return inflation to the target within a reasonable time frame.
- Governor Ida Wolden Bache mentioned that it may be necessary to maintain a higher policy rate and is prepared to raise it further if needed.
63 Articles
63 Articles
Reformatorisch Dagblad
The Norwegian central bank raised interest rates for the second time this year on Thursday to combat inflation in the country. According to the Norges Bank, further increases may be necessary to bring the rise in consumer prices under control.
Norges Bank Hikes for Second Time as Riksbank Picks Hawkish Hold
(Bloomberg) -- 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.
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.
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