Norwegian Inflation Drop Signals Possible Interest Rate Cut

» Published: June 10 2025

Norwegian Inflation Drop Signals Possible Interest Rate Cut
Photo: Johan Nilsson/TT

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A Norwegian interest rate reduction may be coming closer, it is clear after new inflation figures have been reported for May.

The underlying inflation in the neighboring country amounted to 2.8 percent, the lowest figure since January.

The Norwegian central bank had previously forecast an inflation rate of 3.1 percent and from the market's point of view, the expectation was 2.9 percent.

In contrast to Sweden, Norway has due to high inflation pressure allowed the key interest rate to remain unchanged, currently at 4.5 percent, which is the highest level since December 2008.

For the Danish part, consumer prices rose by 1.6 percent in May compared to the same month last year.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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