Back
63· Active
Economics1d 2h ago
Norway's central bank kept its policy interest rate on hold at 4.25% on Thursday but said inflation is too high and that borrowing costs will likely be raised later this year.
Norway
Who
Norway's central bank, Governor Ida Wolden Bache
What
Norway's central bank kept its policy interest rate on hold at 4.25% on Thursday but said inflation is too high and that borrowing costs will likely be raised later this year.
When
Thu, 18 Jun 2026 08:47:00 GMT · 1d 2h ago
Where
Norway ·
Why
The central bank said inflation is too high and that borrowing costs will likely be raised later this year to combat high inflation driven by strong wage growth and high energy costs.
The Frontline Impact
How this affects you
The Norwegian central bank's decision to hold rates but signal future hikes indicates ongoing efforts to control inflation, which could lead to higher borrowing costs for consumers and businesses in Norway later this year, and the Norwegian crown currency weakened against the euro.
Story chain
1 event in this threadNo related history yet - this is the origin event.