Norway holds interest rate unchanged

Norway's central bank, Norges Bank, kept its key interest rate unchanged at their Wednesday meeting at 1.75 percent. Norges Bank maintained its outlook of easing bias suggesting they still believe that the next rate movement will more likely be a cut than a hike.

According to Norges Bank's assessment, with a sight deposit rate of 1.75 per cent at present, the probability that inflation two years ahead will be lower than 2 per cent is greater than the probability that it will be higher.

The bank

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