Norway Holds Rate at 4.5% and Signals No Rush on Easing [Yahoo! Finance]
SVENSKA HANDELSBK UNS/ADR (SVNLY)
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Source: Yahoo! Finance
Most Read from Bloomberg Paris Restricts Through Traffic in City Center Key Ballot Initiatives and Local Races Highlight Views on Abortion, Immigration From Housing to Immigration, Key Ballot Initiatives and Local Races to Follow Norges Bank held the key deposit rate at 4.5%, the highest since December 2008, as predicted by all analysts in a Bloomberg survey. Governor Ida Wolden Bache said the rates will likely stay on hold “to the end of 2024,” in a statement on Thursday. The economic outlook remains in line with plans for gradual cuts from the first quarter. “Norges Bank adopted a cautious stance at today's meeting, making minimal changes to its guidance on future rate adjustments,” Karine Alsvik, an Oslo-based economist with Svenska Handelsbanken AB, said in a note to clients. “The market now seems to accept that we may have to wait until March for a cut, which, in our view, is the earliest possible timing.” Norwegian policymakers, among the most aggressively hawkish
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