FRANKFURT (MNI) – Norway’s central bank, the Norges Bank, announced
Wednesday that it has decided to keep its key policy rate unchanged at
2%, but it signaled an accelerated trend of rate increases in the months
ahead, barring unexpected negative surprises in the economy.
The bank’s executive board, while keeping the rate unchanged for
now, set its eyes on a more aggressive tightening path. It said the rate
should be in a range of 1.75% to 2.75% between now and its next monetary
policy report on June 22, “unless the Norwegian economy is exposed to
new major shocks.”
That was higher than the 1.5%-2.5% range it had published in its
last monetary policy report in October and repeated after its last rate
setting meeting January 26.
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[TOPICS: M$$EC$,M$X$$$,MT$$$$,MGX$$$]