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Reuters: Norway holds rates at zero, hike still two years away


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Reuters: Norway holds rates at zero, hike still two years away

Business

Category: Business News

Norway’s central bank kept its policy interest rate on hold at a record-low zero percent on Thursday, as expected, and said any increase was still likely to be two years away, in line with its June statement.

Economists polled by Reuters unanimously predicted rates would remain on hold on Thursday, but some had expected the central bank to alter its forward rate curve to flag that an earlier increase could be considered.

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Source: Reuters