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Norway Central Bank Holds Key Rate at 4.5%, First Cut Still Some Way Off

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Norway’s Central Bank Holds Key Policy Rate Steady at 4.5% as Inflation Remains Elevated

The central bank of Norway announced that it will keep its key policy rate unchanged at 4.5%. The decision aligns with a Dow Jones poll. The bank indicated that the rate is expected to remain at its current level for an extended period due to high wage growth and a weak krone, which are contributing to elevated inflation.