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Markets Insider: Norway Central Bank Keeps Rate Unchanged
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Markets Insider: Norway Central Bank Keeps Rate Unchanged
Business
Date posted: 10.11.2020
Category: Accounting / Financial
(RTTNews) – Norway’s central bank kept its key interest rate unchanged at zero, as widely expected, on Thursday.
The Monetary Policy and Financial Stability Committee unanimously decided to retain the policy rate at zero percent, Norges Bank said in a statement.
Due to the increased Covid-19 infection rates and more containment measures, Norway will likely put a brake on the upswing in the coming period, the bank noted.
Source: Business Insider - Markets Insider
Published: November 5, 2020