Norway central bank keeps rate on hold, may hike again

RTÉ News · RTÉ News · 2026-11-05 09:13 UTC

Norway's central bank kept its policy interest rate on hold at 4.5% today, as unanimously predicted by economists in a Reuters poll, and reiterated that it may still tighten policy to contain inflation.

Norway's central bank kept its policy interest rate on hold at 4.5% today, as unanimously predicted by economists in a Reuters poll, and reiterated that it may still tighten policy to contain inflation.

"It will likely be necessary to keep the policy rate elevated for a time, and we are prepared to raise the policy rate if needed to bring inflation down to target within a reasonable time horizon," Norges Bank Governor Ida Wolden Bache said in a statement.

Norges Bank in September raised its policy interest rate by 25 basis points, the second hike in a cycle that began in May, and said it was prepared to do so again if the inflation outlook warranted it.

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