Rates left unchanged in Norway, as expected. In 45 minutes, central bank governor Olsen hosts a press conference.
Update: The Norges Bank highlighted downside economic risks in the statement, noting an unusually high level of uncertainty surrounding the outlook for interest rates.
- Prospects for the world economy have weakened considerably
- Market turmoil and external developments affecting domestic outlook
- Domestic outlook remains favorable but have weakened
- The key policy should be kept low for a longer period than expected in June
