Norges Bank Holds Rate at 4.25%, Hints at Future Hike
Norway's central bank kept the policy rate unchanged at 4.25% in June but indicated an increased likelihood of another increase, with the year-end rate forecast edging higher.
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Norway's Norges Bank held its benchmark interest rate steady at 4.25% in June, as expected. However, policymakers signaled a higher probability of a future hike.
According to Commerzbank analyst Antje Praefcke, the updated year-end rate projection now sits just above the current level, reflecting a cautious but discernible hawkish tilt. The forward guidance suggests the central bank remains concerned about underlying inflation pressures.
Source: FXStreet Forex News