Norges Bank becomes first in G-10 to raise rates

Norges Bank
Norges Bank
Image: Norges Bank

Norway’s central bank has raised its policy rate, becoming the first member of the G-10 group of most-traded currencies to do so after the Covid-19 pandemic.

Norges Bank’s monetary policy committee (MPC) voted on September 23 to increase the rate by 25 basis points to 0.25%. Governor Øystein Olsen said the MPC would probably raise rates again in December, “based on its “current assessment of the outlook and balance of risks”.

The central bank’s quarterly monetary policy report, published the

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