ICYMI - Norway's central bank rate hike Thursday

Author: Eamonn Sheridan | Category: Central Banks

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
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