Norway's central bank left its key interest rate unchanged on Thursday but hinted at a rate hike in one of the future sessions to bring the high inflation back to target.
The Monetary Policy and Financial Stability Committee decided to keep the policy rate unchanged at 4.25 percent at its meeting on June 17, the Norges Bank said in a statement. The bank had raised the rate by 25 basis points in May.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.