Norway raises key interest rate to 4.25 percent, the krona strengthens

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Norway raises key interest rate to 4.25 percent, the krona strengthens
Photo: Jonas Been Henriksen/NTB/TT

Norges Bank somewhat unexpectedly raised the key interest rate to 4.25 percent from the previous 4.0 percent.

In a Bloomberg forecast compilation, a majority had expected the key interest rate to remain unchanged.

The announcement caused the Norwegian krone to strengthen.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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