European rates: Norway expects more tightening next year

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

Norway: Norges Bank raised its policy rate by 25 basis points on December 15, to 2.75%. The decision marks the eighth rate hike in 15 months, totalling 275bp.

The central bank signalled it expected at least one further increase, as governor Ida Wolden Bache predicted “the policy rate will be around 3% next year”.

In her press statement, the governor said Norway recorded headline year-on-year inflation of 6.5% in November, well above the 2% target. Inflation fell from its October figure of 7.5%

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

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

.