Norway's central bank holds interest rates at 4.5% amid inflation concerns and a weak krone.

Norway's central bank, Norges Bank, has maintained its policy interest rate at 4.5%, a level it has held since December 2023. The decision comes amid a weak krone and ongoing inflation concerns. The bank aims to reduce inflation to its 2% target and plans to keep rates steady until at least the end of 2024, with potential declines expected in early 2025. New economic forecasts will be released in December.

5 months ago
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