Norges Bank Norway's central bank raised its benchmark interest rate on Thursday, raised the sight deposit rate to 0.25%

  • from zero
  • the hike was as expected

The Bank said it expect to do the same again in December, another hike

  • and three more hikes by the end of 2022 (to 1.25%) had become more likely.

The governor of the Norwegian central bank spoke at a press conference after:

  • There is a strong recovery in the Norwegian economy
  • It's time to start a gradual normalisation of the policy rate