Norway Holds Rate Steady, Sees Higher Rate “further Out”
Norway’s central bank kept its policy rate steady at 1.5 percent, as expected, saying that country’s inflation was low while economic growth among its trading partners was weak and their interest rates very low. But Norges Bank maintained an upward bias in its policy guidance, quoting Deputy Governor Jan Qvigstad as [...]
Norway’s central bank kept its policy rate steady at 1.5 percent, as expected, saying that country’s inflation was low while economic growth among its trading partners was weak and their interest rates very low.
But Norges Bank maintained an upward bias in its policy guidance, quoting Deputy Governor Jan Qvigstad as saying that “developments in the Norwegian economy give reason to believe that inflation will gradually pick up. This suggests that the key policy … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards