Norway central bank keeps rate unchanged, says March hike likely

Norway's central kept its key policy rate unchanged at 2.75% on Thursday, as expected by a majority of economists surveyed by Reuters, and said it aimed for a hike in March. Of the 26 economists polled in advance, 15 had anticipated an unchanged rate on Thursday while 11 had bet on an increase of 25 basis points (bps).


Reuters | Oslo | Updated: 19-01-2023 14:49 IST | Created: 19-01-2023 14:38 IST
Norway central bank keeps rate unchanged, says March hike likely
Representative image Image Credit: Facebook (@sentralbanken)
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Norway's central kept its key policy rate unchanged at 2.75% on Thursday, as expected by a majority of economists surveyed by Reuters, and said it aimed for a hike in March.

Of the 26 economists polled in advance, 15 had anticipated an unchanged rate on Thursday while 11 had bet on an increase of 25 basis points (bps). "The future policy rate path will depend on economic developments. The policy rate will most likely be raised in March," Norges Bank Governor Ida Wolden Bache said in a statement.

In December , the bank said it would "most likely" hike again in the first quarter of 2023 and that the rate would stay around 3% for the year.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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