Norges Bank’s new MPC leaves rates unchanged

Norges Bank HQ, Oslo
Norges Bank headquarters, Oslo
Photo: Espen Schive

Norway’s central bank left its policy rate unchanged today (January 22) in the first decision to be made under its new decision-making framework.

Norges Bank held its policy rate at 1.5% and stuck with its earlier message that policy will remain on hold for some time. The central bank last changed its policy stance in September, in the fourth of a series of rate hikes in 2019.

The central bank’s new Monetary Policy and Financial Stability Committee has replaced the executive board in governing

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