Norway's central bank decided to raise its policy rate by 25 basis points to curb inflation amid the tight labor market conditions and hinted at another rate hike in May and beyond.
Norges Bank's Monetary Policy and Financial Stability Committee on Thursday unanimously decided to lift the policy rate to 3.00 percent from 2.75 percent.
The previous change in the policy rate was a quarter point hike in December.
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by Renju Jaya
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