Central Bank of Norway

October 26, 2017

The key Norwegian central bank interest rate has been 0.50% since a 25-basis point cut in March 2016. The rate previously was cut 50 basis points in December 2011, twice by 25 bps each in 2014, twice more by 25 bps each in 2015. A statement released today by Norges Bank’s Executive Board asserted that neither the economic outlook nor the balance of risks had changed much since the policy review in July. Labor market conditions are improving, and inflation was slightly slower than projected despite a somewhat weaker krone than was assumed.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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