Norway central bank hikes rate to highest level since 2011

Norges Bank hiked its policy rate by 0.5 percentage points to 2.25 percent and warned it would "most likely" raise it again in November as "inflation has risen rapidly over the past months and has been far higher than projected".

AFP

September 22, 2022 / 13:50 IST

Interest rates

Norway's central bank raised its main interest rate to its highest level since 2011 on Thursday as global monetary policymakers ramp up the battle against inflation.

Norges Bank hiked its policy rate by 0.5 percentage points to 2.25 percent and warned it would "most likely" raise it again in November as "inflation has risen rapidly over the past months and has been far higher than projected".

AFP

first published: Sep 22, 2022 01:50 pm

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