Central Banks
Norway Raises Rate by Half Point to Ramp up Inflation Fight
- Central bank delivers 11th increase in borrowing costs
- Officials raise projection for peak rate to 4.25% by September
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Norway’s central bank accelerated interest-rate increases and pledged more aggressive tightening, intensifying its response to stubborn inflation and a weak currency.
Norges Bank lifted its key deposit rate on Thursday by 50 basis points to 3.75%, prompting the krone to post its biggest advance in two weeks.