Norway hikes interest rates, with more to come

Norway's central bank raised its benchmark interest rate on Thursday as expected, and said more hikes will follow as it joins a short but growing list of nations moving away from emergency-level borrowing costs.

Norges Bank's monetary policy committee raised the sight deposit rate to 0.25% from a record low of zero, as forecast unanimously in a Reuters poll of analysts and in line with the central bank's own plan.

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