Economics
Norway Enacts Rate Lift-Off With Next Hike Set for December
- Norges Bank leads G-10 currency sphere with post-crisis hike
- Decision takes place in pivotal week for monetary policy
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Norway delivered the first post-crisis interest-rate increase among economies with the world’s 10 most-traded currencies, and officials signaled an accelerated cycle of hiking to come in response to a robust rebound from the pandemic.