Norges Bank Tightened But Maybe for Last Time
September 19, 2019
Norway has the only central bank in the Group of Ten that’s still raising interest rates. A fourth 25-basis point policy rate hike was engineered today at the Bank of Norway, following earlier such increases in September 2018 and March and June of this year. That said, officials today strongly suggested that this string of hikes may be over in light of global uncertainties and slightly lower-than-assumed inflation in Norway and less labor market tightness than had been foreseen at the last full review in June.
Copyright 2019, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Bank of Norway
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