Norges Bank keeps interest rate unchanged at 1.75%

At its monetary policy meeting on 2 February, Norges Bank's Executive Board decided to leave the sight deposit rate unchanged at 1.75 per cent. The Executive Board said 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 against the risk that output growth may eventually be too high.

Assessments

Inflation has picked up recently, but is still below target. The key rate

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