Norwegian central bank decided for rate increase

N

Norway’s central bank has raised interest rates for the second time since September. The interest rate rose by a quarter of a percentage point to 1 percent, as was expected by most economists.

The interest rate step at Norges Bank is related to Norway’s economic strength, helped by rising oil prices. By raising interest rates, the central bank wants to prevent the economy from overheating and curb inflation. Inflation is currently above the target of the central bank.

Norges Bank indicated that it would expect further interest rate increases. The Norwegian krone rose after the interest rate decision.


By: Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to leah.kunze@economicinform.com

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

By Maurice Eisma

Recent Posts

Categories

About us

EconomicInform, EconomicInform.com is a product of EconomicInform LLC. We sincerely believe that economics is one of the most interesting and most underappreciated – in terms of getting some enjoyment out of reading the subject articles – sciences. More on that - at the link. Feel free to drop us a line.