An Initial Tightening of Norwegian Monetary Policy

September 20, 2018

Norway’s key¬†central bank rate was raised 25 basis points to 0.75%. That’s the first increase in many years but will not be the last. The rate had been lowered by 175 basis points between late 2011 and March 2016. A statement from the Executive Committee observes gradually diminishing excess capacity that should similarly lift inflation in the years ahead. The next interest rate increase is likely to occur in the first quarter of 2019.

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

 

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