Plus   Neg

Norway Keeps Rate On Hold

Norway's central bank left its key interest rate unchanged on Thursday, as widely expected.

The Monetary Policy and Financial Stability Committee of Norges Bank decided to hold the policy rate at 1.50 percent.

"The Committee's current assessment of the outlook and the balance of risks suggests that the policy rate will most likely remain at the present level in the coming period", Governor Øystein Olsen, said.

Policymakers observed that underlying inflation was close to the inflation target. Further, new information since last meeting supports the assessment that the economy is probably near a cyclical peak.

The committee viewed that interest rate prospects for the coming period are little changed since the December Report.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT