Norges Bank Press Release, 5 Mar

PRESS RELEASE - Norges Bank has decided to reduce the interest rate on banks' deposits with Norges Bank, the sight deposit rate, by 0.50 percentage point with effect from 6 March. The interest rate on banks' overnight loans will also be reduced by 0.50 percentage point, 5 March.

Source: Norges Bank

Deputy Governor Jarle Bergo says that according to Norges Bank's overall assessment of the balance of risks, the probability that inflation two years ahead will be lower than 2 ½ per cent is greater

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