The Norwegian Bank announced that at the May Meeting, it retained its reference interest rate at the level of 4.5 percent.
The Central Norway Bank thus, in accordance with market expectations, has been leaving an interest rate in the highest amount for a year in the last 15 years, more than a year, trading Economics has passed.
NORGES BANK emphasizes that trade barriers, which place the United States and other great economies, raise uncertainty in the global macroeconomic setting.
The Bank’s Committee noted that inflation, although it fell from elevated levels of 2023. years, remains above the goal, and premature rate risk risks new price growth due to the mentioned uncertain economic situation.
Norway Central Bank still signaled that it would probably be possible to start a reduction cycle later throughout the year, although it could be prolonged if the trade wars are escalating and challenging shocks on the economy of that Scandinavian state.
