Norway central bank raises rate to 3.75%, says August hike likely

Norway's central bank raised its key policy rate by 50 basis points (bps) to 3.75% on Thursday in a bid to curb inflation, more than expected by a majority of economists surveyed by Reuters, and said it aimed for another hike in August.

Of the 32 economists polled in advance, 24 had anticipated an increase of 25 bps on Thursday while eight had bet on an increase of 50 bps.