Norges Bank keeps interest rate unchanged at 1.75%

Norges Bank's Executive Board decided on Wednesday 15 December to leave interest rates unchanged at 1.75 per cent. The Executive Board said in a press release it did not see any clear alternatives to leaving the interest rate unchanged.

In reaching its decision, the Executive Board weighed the objective of bringing inflation back to target and of stable inflation expectations against the risk that output growth may eventually be too high.

The objective of monetary policy is consumer price infl