Norges Bank hikes rates again, citing stronger growth

oystein-olsen-1
Governor Øystein Olsen
Norges Bank

Norway’s central bank executive board increased its policy rate today (June 20) and said it was likely to raise rates again this year.

Norges Bank’s board raised the policy rate by 25 basis points to 1.25% in its second hike this year, citing higher-than-expected growth and above-target inflation.

Norway’s economy is growing more strongly than Norges Bank projected in its last policy report in March, the board’s statement said.

Statistics Norway forecasts mainland GDP, which excludes the oil

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: