Norges Bank keeps interest rates unchanged

PRESS RELEASE - Interest rates were left unchanged at Norges Bank's Executive Board meeting on 7 August 2002.

Norges Bank's key interest rate, the sight deposit rate, therefore remains at 7.0 per cent. The overnight lending rate also remains unchanged.

Central Bank Governor Svein Gjedrem says that according to Norges Bank's assessment, with an unchanged interest rate, the probability that inflation two years ahead will be higher than 2 ½ per cent is greater than the probability that it will be

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: