Norges Bank does not touch the interest rate

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Norges Bank does not touch the interest rate
Photo: Ole Berg-Rusten/NTB

Norges Bank leaves the key interest rate unchanged at 4 percent. The announcement was expected.

In a press release, the central bank writes that the interest rate will be lowered in the coming year, but notes that the outlook for the Norwegian economy remains uncertain.

“The job of fighting inflation is not completely finished, and we are in no hurry to lower the key interest rate,” said Central Bank Governor Ida Wolden Bache in a statement.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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