Norway maintains plan for September rate hike

OSLO, Aug 19 (Reuters) – Norway’s central bank plans to raise its key policy interest rate next month as the economy shakes off the effects of the COVID-19 pandemic, it said on Thursday, sticking to a schedule laid out earlier this year.

Norges Bank’s monetary policy committee kept the rate on hold at a record low 0.0% for now, as unanimously expected in a Reuters poll of economists. (Reporting by Terje Solsvik, editing by Victoria Klesty)

Source link

Posted in: Latest News

Comments are closed.