NEWS

Norway’s central bank is expected to leave its key interest rate unchanged next week at a record low 0.0%, but it may warn of a steeper rise ahead than previously forecast, amid signs of economic recovery, a Reuters poll of economists showed on Thursday.

The 24 participants in the poll were unanimous in predicting no change in the policy rate when the outcome is announced on March 18, in line with the central bank’s own view.

Having cut rates three times in 2020 to combat the economic fallout from the COVID-19 pandemic, Norges Bank late last year said an increase would probably take place in early 2022.

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