Norway: Central Bank leaves interest rates unchanged at 4.25 per cent

However, a rise in the coming months cannot be ruled out

(Il Sole 24 Ore Radiocor) - The Committee on Monetary Policy and Financial Stability of the Central Bank of Norway (Norges Bank) has decided to keep the key interest rate unchanged at 4.25 per cent. ‘Inflation slowed this summer and came in below forecasts. The slowdown in inflation is positive news, but the rate remains too high and it is premature to conclude that the inflation outlook has changed substantially. A rise in the key interest rate may therefore still be necessary,” said Governor Ida Wolden Bache.

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