Norges Bank's rate cut

Norges Bank said at a press conference on 17 September that underlying consumer price inflation is low, with a year-on-year rise in the CPI-ATE of 0.9 per cent in August. The rise in prices for imported consumer goods is pushing down inflation, the press conference heard.

Source: Norges Bank

Norges Bank's Executive Board decided today to reduce the key rate, the sight deposit rate, by 0.5 percentage point with effect from Thursday, 18 September. The sight deposit rate will then be 2.5 per cent.

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