Bank of Norway
May 4, 2017
The Executive Board of Norges Bank left its main policy interest rate at 0.50%. Such was cut six times from December 2011 through March of last year, each time by 25 basis points. In today’s released statement, officials continue to defend maintaining an accommodative stance because of low capacity usage and project 1-2% inflation “over coming years.” Neither the baseline forecast nor the balance of risks surrounding that view have changed much since the previous Executive Board meeting in March.
Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Central Bank of Norway
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