Norway central bank keeps rates on hold, eyes hike

Norway's central bank maintained its policy interest rate at 4.25% and hinted at future hikes to combat inflation, in line with market expectations.

Norway's ​central bank kept its policy interest ‌rate on hold at 4.25% on Thursday and reiterated that it ‌plans to hike later ‌this year to combat inflation, in line with expectations in a Reuters ⁠poll ​of ⁠analysts.

The Norwegian crown currency weakened to ⁠11.06 against the euro by 0803 ​GMT, from 11.04 just before ⁠the announcement. "It will likely be necessary ⁠to ​raise the policy rate further at one of the ⁠forthcoming monetary policy meetings," the central ⁠bank ⁠said in a statement.