14 Dec, 2023 Posted by - Admin

Norway hikes rates by 25 basis points in surprise decision

• Norway raises key policy rate to 4.5% to quell inflation
• Hike may be the final tightening
• Majority in Reuters poll had expected unchanged rate
• Eyes rate cut in autumn of 2024

OSLO, Dec 14 (Reuters) - Norway's central bank raised its benchmark interest rate by 25 basis points to 4.50% in a surprise decision on Thursday as it sought to combat persistent inflation, and said it would likely stay put at that level until late 2024.

https://www.reuters.com/markets/rates-bonds/norway-hikes-rates-by-25-basis-points-surprise-decision-2023-12-14/