Norway keeps interest rates unchanged, signals only one cut in 2024
By Frank Prenesti
Date: Thursday 21 Mar 2024
(Sharecast News) - Norway's central bank kept its main interest rate unchanged, as expected, but indicated it would only make one cut this year.
The benchmark interest rate was unchanged at 4.50%.
"The current forecast indicates that the policy rate will continue to lie at 4.5% in the period to autumn before gradually moving down," the bank said in a statement.
It also raised its forecast for economic growth to 0.5% for 2024, up from a 0.1% expansion seen in December. The 2025 estimate was held at 1.2%.
Reporting by Frank Prenesti for Sharecast.com
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