Norges Bank holds and signals future rate hikes
Job of tackling inflation ‘has not been fully completed’, says governor
Norges Bank has maintained a hawkish stance against persistent inflation with a further rate hold.
The bank’s governor, Ida Wolden Bache, announced on March 26 that its monetary and financial stability committee would maintain the policy rate at 4%.
“As recently as in January, we expected the policy rate to be reduced this year,” she said. “But we cannot make any promises about the policy rate, and certainly not in today’s world of abrupt shifts in the outlook.”
Wolden Bache said the job of
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