Norway alludes to rate hike

norges-bank-building

Norges Bank hinted on Wednesday that it may soon raise rates.

The Executive Board of Norges Bank voted to keep the key policy rate unchanged at 1.25%, but considered raising it in a sign that it may consider tightening monetary policy in the near future.

Trends in greater capacity utilisation and low productivity growth could lead to artificial pressure on costs and therefore a higher rate of inflation, it said, arguing that interest rates would have to be raised to combat that pressure.

The boa

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