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flag Norway's central bank holds rate at 4% amid high inflation; Sweden's central bank keeps rate steady at 1.75%.

flag Norway's central bank held its key interest rate at 4% on Thursday, maintaining a restrictive stance as inflation remains above target, with underlying inflation near 3% and a weak krone adding pressure. flag Governor Ida Wolden Bache said the bank is committed to achieving its 2% inflation goal but will not rush rate cuts, projecting one to two reductions in the coming year and a rate slightly above 3% by 2028. flag Sweden's Riksbank kept its rate at 1.75%, citing progress in inflation reduction, improving economic growth, and a strengthening labor market, with no near-term rate changes expected.

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