Norges Bank aiming for December rate hike

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

Norges Bank says it will likely raise the policy rate again in December, as the economy continues to recover from the Covid-19 shock.

Policy-makers kept the policy rate on hold at 0.25% after their monetary policy meeting on November 3. “The economic upturn in Norway is continuing broadly as expected,” Norges Bank said in a statement. “Unemployment has fallen further. Higher electricity prices have resulted in high consumer price inflation, but underlying inflation is lower than the inflation

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