Norges Bank to hold interest rates steady
The Norwegian central bank will not lower its benchmark rate in 2017, following updated economic projections from the country's statistical agency that predict a stable economy without recession risks or significant inflationary pressure requiring monetary tightening later on; SSB now anticipates growth of around one percent and prices rising by less than two to three points.
Key Points
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1The Statistics Norway Statistical Service now believes there will be no interest rate cuts this year.
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2Multiple news outlets report that the Norwegian central bank is not expecting to lower rates in 2017.
Developments
Perspectives
The Norwegian Statistics Directorate no longer believes there will be interest rate cuts this year.
— [Mar 17, 09:09] Tror ikke lenger på rentekutt i a˚r (Adressa.no)Statistics Norway now does not expect any reduction in the key short-term policy rates during 2024.
— [Mar 17, 07:35] SSB tror ikke lenger på rentekutt i a˚r (Bt.no)Statistics Norway is now doubtful about new interest rate cuts this year due to the strong economic recovery and inflationary pressures.
— [Mar 17, 08:45] SSB tvilar pā nye rentekutt i a˚r (Nrk.no)The Norwegian Statistics Directorate has shifted its forecast away from predicting interest rate cuts in the coming year as economic indicators remain robust.
— [Mar 17, 08:35] SSB tror ikke på rentekutt i a˚r (Nettavisen.no)Statistics Norway now anticipates no reduction of key short-term policy rates this year given the current economic situation and inflation trends.
— [Mar 17, 08:25] SSB venter ikke rentekutt i a˚r (E24.no)