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Norway central bank raises rate to 4.0%, eyes September hike


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Norway central bank raises rate to 4.0%, eyes September hike

Business

Category: Business News

Norway’s central bank raised its benchmark interest rate by 25 basis points to 4.0% on Thursday to try to curb inflation, as widely forecast, and said it would likely hike again in September.

Thursday’s hike had been expected by all 31 economists polled by Reuters, and a majority of poll participants predicted the rate would hit a peak of 4.25% by the end of the third quarter, in line with the central bank’s projection.

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Source: Reuters.com

Published: June 23, 2024