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Norway Flags December Rate Hike With Recovery on Track

  • Central bank holds benchmark at 0.25%, as economists predicted
  • Krone appreciation could curb advance in underlying inflation
Shoppers walk along Karl Johans gate, the main shopping street, in Oslo.

Shoppers walk along Karl Johans gate, the main shopping street, in Oslo.

Photographer: Odin Jaeger/Bloomberg
Updated on

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Norway confirmed it’s on track to raise borrowing costs by year-end, saying the recovery in western Europe’s largest fossil-fuel exporter continues “broadly as expected.”