Central Banks
Norway Holds Rate at 4.5% and Signals No Rush on Easing
- Policy rate most likely to be kept at 4.5% to the end of 2024
- Krone strengthens against the euro after the announcement
This article is for subscribers only.
Norway’s central bank kept borrowing costs at the highest level in almost 16 years and repeated no imminent plans for easing due to risks posed by a weak krone and higher business costs.
Norges Bank held the key deposit rate at 4.5%, the highest since December 2008, as predicted by all analysts in a Bloomberg survey.