Bank of Norway

January 25, 2018

The Bank of Norway kept its key policy rate steady at 0.50%, the level since a 25-basis point cut in March 2016 capped 175 basis points of easing since 2011. In a released statement, members of the executive board of the central bank asserted that “the outlook and the balance of risks for the Norwegian economy do not appear to have changed substantially since the December Report.” Inflation is projected to remain below the 2.5% target “in coming years,” and no indication is provided as to when the interest rate might be lifted.

Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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