Norway holds rates at zero, plans September hike

Norway's central bank kept its key policy interest rate unchanged at a record-low 0.0% on Thursday, as expected, and said a hike will most likely follow in September as the economy recovers from the COVID-19 pandemic.

Norges Bank has long warned of a hike this year. Economists polled by Reuters had been almost evenly split over whether the monetary policy-makers would point to September or December as the most probable timing of a rise.

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