Norges Bank
Norway Monetary Policy Unchanged
January 26, 2011
The Norges Bank as expected, retained a 2.0% key interest rate level, same as since May 2010 for essentially the same reasons as given in December. Core inflation is running at about 1.5%, a percentage point less than the medium-term target. Other central bank rates have been low, and raising Norwegian rates could subject the […] More
Norwegian Monetary Policy Left Unchanged
March 24, 2010
The key policy rate of the Norges Bank, which was raised 25 basis points each last October and December but not at last month’s meeting, was again kept at 1.75%. Most analysts expected no change. This week’s policy meeting coincided with a new monetary policy assessment, and it is more dovish than the last one. […] More
Norwegian Central Bank Tightens
December 16, 2009
Norges Bank officials also surprised most analysts, only they raised rates whereas Czech monetary officials cut them today. This disparity underscores the transitional nature and uneven properties of the world business cycle as analysts await the results of the Fed’s last meeting of 2009 to be announced in less than 3-1/2 hours. Norway’s central bank […] More
