Norges Bank holds rates over Covid-19 fears

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Norges Bank’s monetary policy committee (MPC) voted unanimously to maintain interest rates at 0% at its policy meeting today (September 24).

The Norwegian central bank’s MPC released a policy statement saying rates are expected to remain at this level “over the next couple of years, followed by a gradual rise as activity approaches a more normal level”.

The statement said that though Norway’s economy resumed growth in the summer, and unemployment declined, an increase in Covid-19 infection

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