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Decision Day Looms for a Central Bank Still Contemplating Hikes

  • Norges Bank said in June it would raise rates again this year
  • Norway central bank faces increasing headwinds from abroad
Oystein Olsen

Oystein Olsen

Photographer: Kyrre Lien/Bloomberg

One of the last interest rate hawks could make a stand this week.

Norway’s central bank Governor Oystein Olsen faces a tough call on whether to stick to a plan to raise again and go against a global wave of easing that was kicked off by the U.S. Federal Reserve in July. Three of the six biggest Nordic banks expect Norges Bank to signal a September tightening at a rate decision on Thursday.