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Norway’s central bank held rates at 4% in Jan 2026 amid high inflation, despite a strong job market, with possible cuts later in the year.
Norway’s central bank kept its key interest rate at 4% in January 2026, citing persistently high inflation—3.1% in December, driven by food and services—despite a strengthening labor market with unemployment falling to 4.3% in December 2025.
Governor Ida Wolden Bache said no immediate rate cuts are needed, though one or two reductions are expected by year-end, with a possible cut in June.
The bank emphasized caution due to ongoing geopolitical risks and inflation above target, while maintaining its outlook without releasing new forecasts.
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El banco central de Noruega mantuvo las tasas en un 4% en enero de 2026 en medio de una alta inflación, a pesar de un fuerte mercado laboral, con posibles recortes más adelante en el año.