bank left interest rates unchanged for a second consecutive meeting, after cutting them by 500 basis points from August to November even as inflation reached its highest level in 25 years. (DJN) Norway's central bank kept its key policy rate unchanged at 2.75% on Thursday and said it will most likely raise the rate further in March. A slim majority of economists polled by The Wall Street Journal had expected rates to remain on hold, but several had expected a hike to 3.00% after the central bank said in December that it would most likely raise the rate in the first quarter of 2023. (DJN)
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
01-19-23 0715ET
