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.

November 07, 2024
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