Norges Bank hikes for first time since 2011

oystein-olsen-1
Norges Bank

The executive board of Norges Bank has unanimously decided to increase the policy rate today (September 20), due to the stronger state of the Norwegian economy.

It is the first rate increase in Norway in over seven years, the last one having been implemented in May 2011. The move increases rates by 25 basis points. As a result, the key rate stands now at 0.75%, the overnight lending rate at 1.75%, and the reserve rate at –0.25%.

“Growth in the Norwegian economy has been solid since autumn 2016

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: