Norway keeps rates at 5.25%, warns on prices

The Bank of Norway's rate-setting board on Wednesday left its key policy rate unchanged at 5.25%, despite concern over inflation.

The board acknowledged that consumer prices had increased at a faster pace than expected and that domestic growth was strong, but the worsening global outlook swayed the board into opting for a rate hold.

"In view of the weak developments in the external environment and the turbulence in financial markets, it is now on balance appropriate to leave the key policy

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