Norway keeps rates on hold, bias neutral

Norway's central bank kept interest rates on hold after a policy-setting meeting on Feb 21, 2001 and said that the outlook for rates was neutral, in line with analysts' forecasts.

The central bank's executive board kept the key deposit rate at 7.00 percent and the overnight lending rate at 9.00 percent. The central bank raised rates four times in 2000 to offset inflationary pressures in the oil-backed economy.

"In the light of the recent trends in the economy and the current balance of risks, t

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