Bank of Norway Tightens
March 21, 2019
The Bank of Norway’s policy interest rate was lifted 25 basis points to 1.0%. Norway is an oil producer and exporter and benefits from the firmer trend lately in that commodity. Growth has been solid, according to a released statement. Capacity usage is running a bit above normal, and core CPI inflation is somewhat higher than target. Global uncertainties warrant caution. The statement concludes, “”Our current assessment of the outlook and balance of risks suggests that the policy rate will most likely be increased further in the course of the next half-year.”
Copyright 2019, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Bank of Norway
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