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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

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 individual account here: