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Norway Is Seen Leading the Way in Post-Covid Interest Rate Hikes

  • Central bank says it may be able to hike earlier than expected
  • Norway has relied on fiscal policy to support its economy
Updated on

Norway’s central bank said it may be able to raise interest rates earlier than previously thought, reinforcing the view it will be the first among holders of the world’s major currencies to tighten policy as the economy recovers.

Keeping the benchmark rate at 0% as expected, policy makers said Thursday that their latest forecast implies a “gradual rise from the first half of 2022 as activity approaches a normal level” after the pandemic.