Norway's central bank maintains 4.5% interest rate, plans cuts in March 2025, amid strong economy.

Norway's central bank, Norges Bank, has kept its interest rate at 4.5%, the highest since 2008, planning to start cutting rates in March 2025. Despite economic uncertainties like potential trade wars, Norway's economy remains strong due to increased business investments, higher wages, and government spending. The bank aims to stabilize inflation and expects the economy to grow at 1.4% in 2025 and 2026.

3 months ago
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