Ida Wolden Bache

Norway raises key interest rate to 4.50%, may hike further

Norway's central bank is raising its key interest rate from 4.25 percent to 4.50 percent, the bank said in a press release.

Norwegian interest rate remains unchanged

The Norwegian Krone Rises After Interest Rate Announcement

The Norwegian krone is strengthening since Norges Bank left the interest rate unchanged at 4.50 percent – the highest level since 2008. No cuts are expected until next year, according to the Norwegian central bank.