Norway central bank raised its policy rate by 25bps to 4.50%, pushing the krone to a one-week high versus the euro. The governor said the move should help curb inflation that has run above target for several years, and that it may be necessary to keep the policy rate elevated for some time; the committee stands ready to raise rates further if needed to return inflation to the 2% target within a reasonable time.

2026-09-24

Norway central bank raised its policy rate by 25bps to 4.50%, pushing the krone to a one-week high versus the euro. The governor said the move should help curb inflation that has run above target for several years, and that it may be necessary to keep the policy rate elevated for some time; the committee stands ready to raise rates further if needed to return inflation to the 2% target within a reasonable time.