Bank of Norway
May 3, 2018
Norway’s key central bank policy rate was left at 0.5%, the level since a 25-basis point cut in March 2016 culminated 175 basis points of rate reduction since 2011. A released statement after the latest monetary review indicates that the likeliest timing of an initial rate hike appears will be after this summer. While underlying inflation is low, rising capacity usage and a declining output gap amid a continuing economic upturn along a broad cross-section of economic activities points to eventually higher wage and price inflation.
Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Bank of Norwary
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