Norway raises interest rates
Copenhagen (AP) – Norway has rented on Thursday in response to the war in Ukraine, but that the national economy will probably come quickly.
The central bank raised its reference rate from 0.5% to 0.75%, saying “the war in Ukraine has created more uncertainty.”
However, he acknowledged that their relationship was not enough to defeat the Obama administration.
The central bank itself has stated in the war in Ukraine in the midst of rising inflation is likely to lead to lower and expected global economic growth and «with the risk of higher prices and wages due to restrictions on economic efficiency». And persistent inflationary pressures ».
“If evidence of high inflation emerges, interest rates could rise again,” the company said in a statement.
Ida Woldenbache, deputy head of the agency, explained that the lifting of the coronavirus restrictions in Norway has led to increased economic activity, such as more employment and more companies.
He said interest rates are likely to rise again in June.
The central bank has revised its estimates and expects that rents will be 2.5% by the end of 2023.