Finance
Norway central bank keeps rate on hold, eyes March cut
Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026
Norway's central bank keeps the rate at 4.50%, with plans to cut in March 2025 to stabilize inflation. The Norwegian crown weakened slightly after the announcement.
OSLO (Reuters) - Norway's central bank held its policy interest rate unchanged at a 16-year high of 4.50% on Thursday, as unanimously expected by analysts in a Reuters poll, and said it plans to start cutting borrowing costs in March next year.
"The committee judges that a restrictive monetary policy is still needed to stabilise inflation around target, but that the time to begin easing monetary policy is soon approaching," Norges Bank Governor Ida Wolden Bache said in a statement.
"Based on the committee's current assessment of the outlook, the policy rate will most likely be reduced in March 2025," Norges Bank said.
The Norwegian crown weakened to 11.78 against the euro at 0904 GMT, from 11.76 just before the announcement.
(Reporting by Gwladys Fouche, editing by Terje Solsvik)
The article discusses Norway's central bank decision to hold the interest rate at 4.50% and plans to cut it in March 2025.
The central bank held the rate to stabilize inflation around the target, with plans to ease monetary policy soon.
The Norwegian crown weakened slightly against the euro following the announcement.
Explore more articles in the Finance category
