Norwegian Central Bank Hike
The Central Bank of Norway‘s 3.0% policy interest rate has risen from zero percent as recently as September 2021. Krone depreciation, rising wage growth, low unemployment, and resilient economic activity have driven inflation well above the 2% target, and the central bank’s governor provided forward guidance that more rate hikes are likely: “There is considerable […]
The Central Bank of Norway‘s 3.0% policy interest rate has risen from zero percent as recently as September 2021. Krone depreciation, rising wage growth, low unemployment, and resilient economic activity have driven inflation well above the 2% target, and the central bank’s governor provided forward guidance that more rate hikes are likely: “There is considerable […]
