Wednesday, January 26, 2011

Norges Bank Holds Rate at 2.00%

Norway's central bank, the Norges Bank, maintained its key monetary policy rate unchanged at 2.00% balancing the risk of rising consumer and house price inflation against the risk of a rising Kroner. Norway recorded inflation (as measured by the consumer price index) of 2.8% in December; higher than the 1.9% figure in November and the official inflation target of 2.5%. The Norges Bank noted that underlying inflation is around 1.5%.


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