Norway has been added to listen to the weakest, but developing countries since it quickly launched devaluation measures in 2020 to address the Govt-19 crisis.
The Norwegian central bank rose to 0.25% quarterly, with the key policy rate at 0%, at a historically low level. This measure is in line with a consensus forecast from analyzes based on Reuters and the company’s own forecasts.
Based on the current assessment of Norges Bank and the risk balance from the (monetary policy) committee, the key policy rate will most likely be raised again in December, Norwegian bank governor Sistine Olsen states in a statement.
The Monetary Policy Committee has predicted further fire increases by the end of 2022 to raise the key interest rate to 1.25%.
Following these announcements, the Norwegian krone was 10.0786 against the euro 10.1031 against the euro.
(Edited by Derje Solswick and Victoria Klesty, French edition by Bertrand Poche, Plantine Honald)
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