The Bank of Norway has announced that it has kept its policy rate unchanged at 2.75% during its meeting today, as analysts had expected. This follows the bank’s decision to raise interest rates by 0.25% last month.
In addition to keeping rates unchanged, the bank signaled that it may raise rates in March. The bank stated that the direction of future policy interest rates will depend on economic developments, as the Norwegian economy remains uncertain. However, the bank is likely to raise interest rates in March, according to analysts.
Analysts predict that the central bank will raise interest rates by 0.25% to 3.00% at its March meeting.