Norges Bank keeps interest rates unchanged

NORWAY - Norway's central bank kept interest rates on hold at an executive board meeting on Wednesday but switched to a neutral bias for rates, reflecting dwindling inflationary pressures in the oil-backed economy.

Norges Bank, matching analysts' expectations, kept its key deposit rate at 7.0 percent - more than double the 3.25 percent in the euro zone and four times the 1.75 percent of the United States.

"We now expect rates to stay flat...the central bank has been pretty clear that it won't a