Norges Bank raises rates again

Norwegian central bank governor says MPC might continue to slow pace of increases


The Norwegian central bank’s monetary policy committee (MPC) unanimously decided to increase the policy rate by 25 basis points to 2.5% on November 3.

Norges Bank’s move slowed down its tightening process, after three consecutive 50bp rate increases. Governor Ida Wolden Bache said the MPC had been “concerned with balancing the risk of tightening too much against the risk of tightening too little”.

“Inflation has increased more than projected, and the labour market appears to be a little

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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

This address will be used to create your account

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