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Interest Rates Steady, 'but Will Decline' - Norway's News in English — www.newsinenglish.no
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The financial institution continues to plan to implement a tight monetary policy
Interest rates steady, 'but will decline' - Norway's News in English — www.newsinenglish.no
Norges Bank decided to keep its policy rate at 4.25 percent on Thursday, but the Norwegian central bank’s chief Ida Wolden Bache expects it to be further reduced later this year. It all depends, though, on whether Norway’s inflation rate comes down as well. “The work to bring down inflation isn’t finished yet,” Bache said […] The post Interest rates steady, ‘but will decline’ appeared first on Norway's News in English — www.newsinenglish.no.
The Bank reaffirmed that further cuts are expected in 2025, provided that economic expectations remain within the projections
Central Bank Governor Ida Wolden Bache and Norges Bank are making no changes to the key interest rate, but say cuts are still possible later this year.
Norges Bank's Monetary Policy and Financial Stability Committee decided at its meeting on 13 August to keep the key interest rate unchanged at 4.25 percent. There is uncertainty about the economic outlook, but if the economy develops roughly as the committee now envisages, the interest rate will be lowered further during the year.
Central Bank Governor Ida Wolden Bache and Norges Bank are making no changes to the key interest rate, but say cuts are still possible later this year.
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