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flag Norway's central bank holds rate at 4%, citing high inflation and signaling gradual future cuts.

flag Norway’s central bank held its key interest rate at 4% on Thursday, maintaining the level after two consecutive quarter-point cuts in June and September. flag Governor Ida Wolden Bache said inflation, at 3.0% for core measures, remains too high, and the bank is not rushing to cut rates further despite expectations of gradual reductions. flag Officials signaled one rate cut per year between 2026 and 2028, with future decisions depending on incoming data. flag No new economic projections were released, and the next update is expected in December.

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