Norges Bank bucks global easing trend with rate hike

Central bank’s third hike this year may be its last for some time, governor hints

oystein-olsen-1
Øystein Olsen
Norges Bank

Norges Bank has continued to buck the global trend towards monetary easing, raising its policy rate 25 basis points at today’s meeting (September 19).

The action brings the policy rate to 1.5%, one of the highest among advanced economies. The central bank has hiked the rate three times this year. Key factors in the decision include “solid” growth and capacity utilisation that is “somewhat above a normal level”, the central bank said in a statement.

Headline inflation, at 1.6% in August, was

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

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

.