No interest rate change in Norway

NORWAY - Norway's central bank kept key interest rates on hold on Wednesday, as expected by analysts, with inflationary pressures in Norway's oil-backed economy offset by an international slowdown.

The bank's executive board said after a routine meeting that it was keeping the deposit rate at 7.00 percent, more than double the 3.25 percent in the euro zone, and the overnight lending rate at 9.00 percent.

The board also reaffirmed a tightening bias for rates, implying that the next change is mor

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