Interest rates remain low

As expected, the Norwegian Central Bank on Wednesday announced that its key deposit rate would remain at a record low 1.75 per cent. Analysts say the long anticipated rise will now come next month, but that the rise will be lower than expected. In its press release the Central Bank said it had considered an increase at its Tuesday meeting, but had rejected it.

The bank also states that there is a strong economic growth in Norway, but that a gradual increase of the interest rates in small steps over time, will be the best for the Norwegian economy.

(NRK)Rolleiv Solholm
Chief Editor
Norway Post

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