Norway central bank raises rate, one more hike 'likely'
- Economy
- AFP
- Published Date: 11:30 | 21 September 2023
- Modified Date: 11:30 | 21 September 2023
Norway's central bank raised its key interest rate on Thursday, its 13th increase in two years, and warned that one more hike is "likely" in December as inflation remains too high.
"Persistently high inflation imposes substantial costs on society," the bank said in a statement after announcing that the policy rate was raised by a quarter point to 4.25 percent.